Concentrix (NASDAQ:CNXC) Stock Price Up 8% – What’s Next?

Concentrix Corporation (NASDAQ:CNXC)’s stock price traded up 8% during mid-day trading on Monday . The stock traded as high as $23.90 and last traded at $24.0270. 209,455 shares were traded during trading, a decline of 87% from the average session volume of 1,657,937 shares. The stock had previously closed at $22.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CNXC shares. Robert W. Baird reduced their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Friday. Bank of America reduced their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Barrington Research decreased their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.75.

Concentrix Stock Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $29.49. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -1.19, a P/E/G ratio of 0.45 and a beta of 0.47.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 earnings per share. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be paid a $0.36 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 5.7%. Concentrix’s dividend payout ratio (DPR) is currently -6.75%.

Hedge Funds Weigh In On Concentrix

A number of large investors have recently added to or reduced their stakes in CNXC. Kopernik Global Investors LLC bought a new stake in Concentrix during the 1st quarter valued at $44,523,000. AQR Capital Management LLC lifted its position in Concentrix by 25.5% during the 2nd quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock valued at $226,252,000 after acquiring an additional 875,556 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Concentrix by 32.3% during the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock valued at $121,713,000 after purchasing an additional 714,604 shares during the last quarter. Quantinno Capital Management LP raised its stake in Concentrix by 171.4% during the first quarter. Quantinno Capital Management LP now owns 1,076,413 shares of the company’s stock valued at $29,451,000 after buying an additional 679,749 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Concentrix by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock worth $103,588,000 after purchasing an additional 551,778 shares during the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.