Concentrix (NASDAQ:CNXC) Trading Down 5.1% – What’s Next?

Concentrix Corporation (NASDAQ:CNXC)’s stock price was down 5.1% during trading on Tuesday . The company traded as low as $31.37 and last traded at $32.21. Approximately 181,963 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,312,894 shares. The stock had previously closed at $33.94.

Analyst Ratings Changes

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

Concentrix Stock Down 3.5%

The company has a market cap of $2.01 billion, a PE ratio of -1.57, a PEG ratio of 0.37 and a beta of 0.50. The stock’s 50 day moving average price is $37.66 and its 200-day moving average price is $41.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.40 and a current ratio of 1.40.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Tuesday, January 13th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.02. Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm posted $3.26 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. 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, analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, January 30th. Concentrix’s payout ratio is -6.91%.

Insiders Place Their Bets

In related news, CEO Christopher A. Caldwell purchased 1,000 shares of Concentrix stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the transaction, the chief executive officer directly owned 362,075 shares in the company, valued at $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of Concentrix

Several hedge funds and other institutional investors have recently bought and sold shares of CNXC. AQR Capital Management LLC boosted its stake in shares of Concentrix by 1.8% during the third quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company’s stock valued at $202,175,000 after purchasing an additional 75,352 shares during the period. Pzena Investment Management LLC increased its stake in shares of Concentrix by 32.3% in the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after buying an additional 714,604 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Concentrix by 28.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock worth $103,588,000 after buying an additional 551,778 shares during the period. State Street Corp raised its holdings in Concentrix by 8.7% during the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after buying an additional 130,529 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Concentrix by 3.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,544,997 shares of the company’s stock valued at $81,661,000 after buying an additional 46,856 shares during the period. Institutional investors own 90.34% of the company’s stock.

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.