Concentrix Corporation (NASDAQ:CNXC) Receives $32.75 Consensus Target Price from Brokerages

Shares of Concentrix Corporation (NASDAQ:CNXC) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.75.

Several research firms have issued reports on CNXC. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Barrington Research cut their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Bank of America reduced their price objective on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Canaccord Genuity Group decreased their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Robert W. Baird decreased their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Concentrix

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Concentrix during the 2nd quarter valued at approximately $149,639,000. Pzena Investment Management LLC increased its position in shares of Concentrix by 32.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock valued at $121,713,000 after acquiring an additional 714,604 shares during the period. Dimensional Fund Advisors LP raised its stake in Concentrix by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock worth $80,746,000 after acquiring an additional 460,108 shares during the last quarter. Groupe Bruxelles Lambert purchased a new position in Concentrix in the 2nd quarter worth $68,000,000. Finally, Kopernik Global Investors LLC acquired a new stake in shares of Concentrix during the first quarter worth about $44,523,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

Concentrix Price Performance

Shares of CNXC opened at $27.87 on Monday. The stock has a market capitalization of $1.70 billion, a PE ratio of -1.31, a PEG ratio of 0.51 and a beta of 0.47. The company has a 50 day moving average price of $26.54 and a 200-day moving average price of $26.81. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $57.88.

Concentrix (NASDAQ:CNXC) last issued 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). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.70 EPS. 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 analysts predict that Concentrix will post 9.67 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.2%. Concentrix’s payout ratio is presently -6.75%.

Concentrix Company Profile

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.