Concentrix Corporation (CNXC) To Go Ex-Dividend on October 23rd

Concentrix Corporation (NASDAQ:CNXC) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.37 per share on Tuesday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, October 23rd. This is a 2.8% increase from Concentrix’s previous quarterly dividend of $0.36.

Concentrix has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Concentrix to earn $10.16 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 14.2%.

Concentrix Price Performance

Shares of CNXC stock opened at $24.95 on Thursday. Concentrix has a 52 week low of $19.12 and a 52 week high of $49.37. The stock has a market capitalization of $1.52 billion, a PE ratio of -0.64, a PEG ratio of 0.46 and a beta of 0.47. 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’s fifty day moving average is $27.04 and its 200-day moving average is $26.48.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Tuesday, September 29th. The company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.21. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Concentrix had a positive return on equity of 22.78% and a negative net margin of 23.99%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 earnings per share. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. Equities research analysts expect that Concentrix will post 9.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Concentrix

Several institutional investors have recently modified their holdings of CNXC. Rothschild Investment LLC increased its stake in shares of Concentrix by 52.0% in the 4th quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock valued at $48,000 after acquiring an additional 392 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Concentrix by 5.7% in the second quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company’s stock valued at $251,000 after purchasing an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Concentrix during the second quarter worth $25,000. Hantz Financial Services Inc. boosted its position in shares of Concentrix by 244.0% during the fourth 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 in the last quarter. Finally, Nykredit A S acquired a new position in shares of Concentrix in the 2nd quarter valued at $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.