Concentrix (NASDAQ:CNXC) Trading Up 10.9% – What’s Next?

Concentrix Corporation (NASDAQ:CNXC) shares were up 10.9% on Wednesday . The company traded as high as $26.42 and last traded at $26.26. Approximately 506,695 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,602,882 shares. The stock had previously closed at $23.67.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CNXC shares. Barrington Research lowered their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Canaccord Genuity Group reduced their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Bank of America lowered their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Robert W. Baird dropped their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.75.

Concentrix Stock Up 6.7%

The company has a market capitalization of $1.54 billion, a P/E ratio of -1.19, a PEG ratio of 0.45 and a beta of 0.45. The firm’s 50 day moving average price is $24.46 and its two-hundred day moving average price is $27.72. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the firm earned $2.70 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Equities research analysts forecast that Concentrix Corporation will post 9.67 EPS for the current year.

Concentrix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, July 24th. Concentrix’s dividend payout ratio is currently -6.75%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Concentrix during the 2nd quarter worth about $25,000. Larson Financial Group LLC increased its holdings 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 purchasing an additional 479 shares during the period. Geneos Wealth Management Inc. grew its position in Concentrix by 532.7% during the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after buying an additional 522 shares in the last quarter. Global Retirement Partners LLC grew its position in Concentrix by 1,032.5% during the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock worth $36,000 after buying an additional 795 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in shares of Concentrix in the first quarter worth $41,000. 90.34% of the stock is currently owned by institutional investors.

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.