Concentrix Corporation $CNXC Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Concentrix Corporation (NASDAQ:CNXC) by 171.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,076,413 shares of the company’s stock after buying an additional 679,749 shares during the quarter. Quantinno Capital Management LP’s holdings in Concentrix were worth $29,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Concentrix by 224.9% during the third quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after acquiring an additional 479 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after acquiring an additional 522 shares during the period. Global Retirement Partners LLC lifted its position in Concentrix by 1,032.5% in the 4th 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. Webster Bank N. A. bought a new stake in Concentrix in the 1st quarter valued at about $41,000. Finally, Rothschild Investment LLC lifted its position in 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 purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

Analyst Ratings Changes

CNXC has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Barrington Research cut their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Finally, Canaccord Genuity Group decreased their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Concentrix currently has an average rating of “Hold” and an average target price of $32.75.

Concentrix Stock Performance

CNXC stock opened at $24.60 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of -1.15, a PEG ratio of 0.46 and a beta of 0.47. The company has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $29.20. Concentrix Corporation has a fifty-two week low of $19.12 and a fifty-two week high of $57.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The business’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. Sell-side analysts predict that Concentrix Corporation will post 9.67 earnings per share 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 issued a $0.36 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a dividend yield of 5.9%. Concentrix’s dividend payout ratio (DPR) is -6.75%.

Concentrix 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.