Envestnet Asset Management Inc. Increases Stock Holdings in Concentrix Corporation $CNXC

Envestnet Asset Management Inc. grew its holdings in shares of Concentrix Corporation (NASDAQ:CNXC) by 18.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 260,715 shares of the company’s stock after purchasing an additional 40,685 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Concentrix were worth $12,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Concentrix by 25.5% during the second quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock valued at $226,252,000 after buying an additional 875,556 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of Concentrix during the 3rd quarter valued at $31,768,000. Norges Bank bought a new stake in shares of Concentrix during the 2nd quarter valued at $23,318,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Concentrix by 247.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 535,843 shares of the company’s stock worth $28,322,000 after purchasing an additional 381,497 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Concentrix in the 3rd quarter worth $9,627,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Concentrix Stock Performance

NASDAQ:CNXC opened at $31.78 on Wednesday. The stock has a 50-day moving average price of $39.88 and a 200 day moving average price of $43.40. The stock has a market capitalization of $1.96 billion, a P/E ratio of -1.52, a P/E/G ratio of 0.32 and a beta of 0.50. Concentrix Corporation has a 12-month low of $29.35 and a 12-month high of $66.00. The company has a current ratio of 1.40, a quick 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 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 analysts’ expectations of $2.54 billion. During the same period in the previous year, the firm earned $3.26 EPS. The firm’s 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. Equities research analysts forecast that Concentrix Corporation will post 10.11 EPS for the current fiscal year.

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, January 30th. Concentrix’s dividend payout ratio (DPR) is presently -6.91%.

Insider Transactions at Concentrix

In related news, CEO Christopher A. Caldwell acquired 1,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $37.07 per share, with a total value of $37,070.00. Following the acquisition, the chief executive officer directly 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 filing with the SEC, which is available through this link. Corporate insiders own 3.20% 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.