Concentrix Corporation (NASDAQ:CNXC) Receives Consensus Rating of “Hold” from Analysts

Concentrix Corporation (NASDAQ:CNXC) has been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $32.75.

Several research firms have recently weighed in on CNXC. Robert W. Baird lowered their price objective on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Canaccord Genuity Group cut their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Barrington Research cut their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Zacks Research cut Concentrix from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th.

Concentrix Price Performance

NASDAQ:CNXC opened at $24.60 on Friday. Concentrix has a 1-year low of $19.12 and a 1-year high of $57.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46. The firm has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $29.20. The stock has a market capitalization of $1.50 billion, a PE ratio of -1.15, 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Concentrix’s quarterly revenue was up 1.9% on a year-over-year basis. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, research analysts expect that Concentrix will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 24th. Concentrix’s dividend payout ratio (DPR) is presently -6.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CNXC. Larson Financial Group LLC raised its stake in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after acquiring an additional 479 shares during the period. Geneos Wealth Management Inc. boosted its position in Concentrix by 532.7% during the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after purchasing an additional 522 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Concentrix by 1,032.5% in the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after purchasing an additional 795 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Concentrix by 90.6% in the third quarter. Allworth Financial LP now owns 856 shares of the company’s stock valued at $40,000 after purchasing an additional 407 shares during the last quarter. Finally, Webster Bank N. A. bought a new position in shares of Concentrix in the first quarter valued at about $41,000. 90.34% of the stock is owned by institutional investors and hedge funds.

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.