Hsbc Holdings PLC Invests $2.42 Million in Concentrix Corporation $CNXC

Hsbc Holdings PLC acquired a new stake in shares of Concentrix Corporation (NASDAQ:CNXC) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 108,186 shares of the company’s stock, valued at approximately $2,424,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in Concentrix in the 2nd quarter worth approximately $3,337,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentrix during the second quarter worth $463,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Concentrix during the second quarter worth $682,000. Pinnacle Holdings LLC purchased a new stake in shares of Concentrix during the second quarter valued at $752,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Concentrix during the second quarter valued at $25,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

Concentrix Price Performance

NASDAQ:CNXC opened at $29.38 on Monday. The firm has a market capitalization of $1.79 billion, a P/E ratio of -1.38, a PEG ratio of 0.54 and a beta of 0.45. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The company’s fifty day moving average price is $24.62 and its 200-day moving average price is $27.07. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

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

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th were paid a $0.36 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.9%. Concentrix’s dividend payout ratio is presently -6.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CNXC shares. Bank of America cut their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Robert W. Baird cut their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Canaccord Genuity Group reduced their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.75.

Concentrix 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.