Concentrix (NASDAQ:CNXC) Stock Price Up 10.2% – Still a Buy?

Concentrix Corporation (NASDAQ:CNXC) shares shot up 10.2% during mid-day trading on Thursday . The company traded as high as $34.65 and last traded at $34.4390. 314,794 shares were traded during trading, a decline of 76% from the average session volume of 1,326,616 shares. The stock had previously closed at $31.24.

Analyst Ratings Changes

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

Concentrix Trading Up 3.0%

The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -1.54, a price-to-earnings-growth ratio of 0.32 and a beta of 0.50. The business’s 50 day moving average price is $38.95 and its 200-day moving average price is $42.79. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.40.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 company 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 company earned $3.26 EPS. The firm’s revenue for the quarter 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. Equities analysts forecast that Concentrix Corporation will post 10.11 EPS for the current fiscal year.

Concentrix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th were given a $0.36 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 4.5%. Concentrix’s dividend payout ratio is presently -6.91%.

Insider Activity at Concentrix

In related news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were bought at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the transaction, the chief executive officer owned 362,075 shares of the company’s stock, valued at approximately $13,422,120.25. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

Institutional Trading of Concentrix

A number of institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in Concentrix by 6,011.1% during the third quarter. Huntington National Bank now owns 550 shares of the company’s stock worth $25,000 after buying an additional 541 shares during the period. Geneos Wealth Management Inc. grew 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. Quent Capital LLC acquired a new stake in shares of Concentrix in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after purchasing an additional 479 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in Concentrix by 14,980.0% during the third quarter. Rothschild Investment LLC now owns 754 shares of the company’s stock worth $35,000 after purchasing an additional 749 shares during the last quarter. Hedge funds and other 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.