Concentrix (NASDAQ:CNXC) Stock Falls 6% – Time to Sell?

Concentrix Corporation (NASDAQ:CNXC) shares dropped 6% during mid-day trading on Thursday. The stock traded as low as $28.87 and last traded at $28.3850. 46,009 shares changed hands during trading, a decline of 97% from the average session volume of 1,598,258 shares. The stock had previously closed at $30.21.

Analyst Ratings Changes

CNXC has been the subject of a number of research reports. Canaccord Genuity Group dropped their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Barrington Research lowered their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Robert W. Baird dropped their price objective on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Concentrix currently has an average rating of “Hold” and a consensus 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 firm’s 50-day moving average price is $26.97 and its two-hundred day moving average price is $26.68. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -1.27, a PEG ratio of 0.54 and a beta of 0.47.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.Concentrix’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, analysts expect that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix’s payout ratio is presently -6.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC increased its stake in Concentrix by 52.0% during the fourth quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock worth $48,000 after acquiring an additional 392 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Concentrix by 5.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company’s stock valued at $251,000 after purchasing an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Concentrix in the 2nd quarter valued at $25,000. Hantz Financial Services Inc. grew its holdings in shares of Concentrix by 244.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,727 shares of the company’s stock worth $72,000 after purchasing an additional 1,225 shares during the period. Finally, Nykredit A S purchased a new position in shares of Concentrix during the 2nd quarter worth $29,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.

About Concentrix

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.