Concentrix (NASDAQ:CNXC) Shares Gap Down – Time to Sell?

Concentrix Corporation (NASDAQ:CNXC) gapped down prior to trading on Thursday . The stock had previously closed at $24.41, but opened at $23.77. Concentrix shares last traded at $24.5490, with a volume of 136,108 shares traded.

Analysts Set New Price Targets

CNXC has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday. Canaccord Genuity Group dropped their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday. Barrington Research decreased their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday. Bank of America lowered their price objective on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Concentrix presently has an average rating of “Hold” and an average target price of $32.75.

Concentrix Stock Down 1.9%

The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50 day moving average price is $25.57 and its two-hundred day moving average price is $31.85. The company has a market cap of $1.46 billion, a P/E ratio of -1.12, a price-to-earnings-growth ratio of 0.28 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 (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a positive return on equity of 18.93% and a negative net margin of 13.16%.The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities research analysts anticipate that Concentrix Corporation will post 10.42 EPS for the current fiscal year.

Concentrix Dividend Announcement

The business 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, July 24th. Concentrix’s dividend payout ratio is -6.68%.

Insider Transactions at Concentrix

In other news, CFO Andre S. Valentine bought 2,500 shares of Concentrix stock in a transaction dated Thursday, April 9th. The stock was bought at an average cost of $27.95 per share, for a total transaction of $69,875.00. Following the purchase, the chief financial officer directly owned 89,066 shares in the company, valued at approximately $2,489,394.70. This represents a 2.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total value of $133,500,000.00. Following the completion of the sale, the insider owned 2,773,667 shares of the company’s stock, valued at approximately $61,714,090.75. This represents a 68.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Concentrix by 9.5% during the first quarter. Royal Bank of Canada now owns 47,501 shares of the company’s stock worth $2,643,000 after purchasing an additional 4,133 shares during the period. Goldman Sachs Group Inc. grew its position in Concentrix by 75.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 423,287 shares of the company’s stock valued at $23,552,000 after purchasing an additional 181,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Concentrix by 17.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,515 shares of the company’s stock valued at $8,152,000 after purchasing an additional 21,746 shares during the period. Focus Partners Wealth bought a new stake in Concentrix during the 1st quarter valued at $781,000. Finally, Geneos Wealth Management Inc. increased its stake in Concentrix by 532.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after purchasing an additional 522 shares in the last quarter. 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.