The Manufacturers Life Insurance Company Takes Position in Concentrix Corporation $CNXC

The Manufacturers Life Insurance Company acquired a new stake in Concentrix Corporation (NASDAQ:CNXC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,653 shares of the company’s stock, valued at approximately $463,000.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after buying an additional 522 shares during the period. Larson Financial Group LLC increased 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 period. Global Retirement Partners LLC raised its stake in shares of Concentrix by 1,032.5% in the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after acquiring an additional 795 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Concentrix in the second quarter valued at $25,000. Finally, Rothschild Investment LLC boosted its holdings in Concentrix by 52.0% in the fourth 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 period. 90.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CNXC shares. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Robert W. Baird decreased their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. 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, June 30th. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Finally, Barrington Research reduced their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.75.

Concentrix Stock Performance

CNXC opened at $32.16 on Monday. Concentrix Corporation has a one year low of $19.12 and a one year high of $57.88. The company has a market cap of $1.96 billion, a P/E ratio of -1.51, a PEG ratio of 0.59 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 business’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $27.03.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.01). The business 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 was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.70 EPS. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. As a group, equities research analysts expect that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, July 24th. 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.