Concentrix Corporation (NASDAQ:CNXC) Given Average Recommendation of “Hold” by Brokerages

Concentrix Corporation (NASDAQ:CNXC) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.75.

A number of research firms have commented on CNXC. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Robert W. Baird lowered their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Canaccord Genuity Group lowered their price target on 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 lowered their price objective 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. Finally, Bank of America dropped their target price on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Concentrix

Several hedge funds have recently modified their holdings of the stock. Kopernik Global Investors LLC acquired a new position in Concentrix during the first quarter worth $44,523,000. AQR Capital Management LLC raised its holdings in Concentrix by 25.5% in 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 Concentrix by 32.3% during the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after purchasing an additional 714,604 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Concentrix by 171.4% during the first quarter. Quantinno Capital Management LP now owns 1,076,413 shares of the company’s stock worth $29,451,000 after buying an additional 679,749 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Concentrix by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock valued at $103,588,000 after purchasing an additional 551,778 shares during the period. Institutional investors own 90.34% of the company’s stock.

Concentrix Trading Down 6.3%

Shares of CNXC opened at $24.90 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of -1.17, a PEG ratio of 0.49 and a beta of 0.47. The stock has a 50 day simple moving average of $25.09 and a 200-day simple moving average of $29.23. 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.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.01). Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm posted $2.70 EPS. The firm’s revenue for the quarter 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, sell-side analysts predict that Concentrix will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. Concentrix’s dividend payout ratio is -6.75%.

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.