Concentrix Corporation $CNXC Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its position in shares of Concentrix Corporation (NASDAQ:CNXC) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,212,592 shares of the company’s stock after selling 64,188 shares during the quarter. Pzena Investment Management LLC owned 3.55% of Concentrix worth $102,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in Concentrix by 13.4% during the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock worth $118,000 after acquiring an additional 263 shares during the period. Earned Wealth Advisors LLC raised its position in shares of Concentrix by 6.4% during the 2nd quarter. Earned Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $237,000 after purchasing an additional 269 shares during the last quarter. True Wealth Design LLC lifted its stake in Concentrix by 39.3% in the 2nd quarter. True Wealth Design LLC now owns 1,163 shares of the company’s stock valued at $61,000 after buying an additional 328 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Concentrix by 23.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,818 shares of the company’s stock worth $96,000 after buying an additional 351 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Concentrix by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock worth $1,923,000 after buying an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Stock Up 4.2%

Shares of NASDAQ:CNXC opened at $33.13 on Thursday. Concentrix Corporation has a 52-week low of $29.35 and a 52-week high of $66.00. The stock has a market cap of $2.03 billion, a P/E ratio of -1.59, a PEG ratio of 0.33 and a beta of 0.50. The business has a fifty day moving average of $39.77 and a two-hundred day moving average of $43.32. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.67.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $3.26 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. On average, research analysts expect that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 4.3%. Concentrix’s dividend payout ratio is -6.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNXC shares. Barrington Research restated an “outperform” rating and issued a $62.00 target price on shares of Concentrix in a research report on Monday, January 12th. Robert W. Baird set a $52.00 price objective on Concentrix in a research note on Wednesday, January 14th. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Weiss Ratings lowered shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.75.

Insider Activity

In other Concentrix news, CEO Christopher A. Caldwell acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the completion of the acquisition, the chief executive officer owned 362,075 shares of the company’s stock, valued at approximately $13,422,120.25. The trade was a 0.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by corporate insiders.

About Concentrix

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.