Concentrix Corporation (NASDAQ:CNXC) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Concentrix, with two sell, one hold and three buy recommendations. The average 12-month price target is $32.75, though several firms recently lowered their targets.
• Concentrix shares recently traded at $25.72, up 8.7%, but remain well below their 12-month high of $57.88. The company narrowly missed quarterly EPS and revenue estimates, while reporting 1.9% year-over-year revenue growth and a negative net margin.
• The company paid a quarterly dividend of $0.36 per share, equivalent to an annualized $1.44 and a 5.6% yield. Institutional investors own approximately 90.34% of Concentrix’s outstanding shares.

Shares of Concentrix Corporation (NASDAQ:CNXC - Get Free Report) have been given a consensus recommendation of "Hold" by the six ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.75.

A number of research firms recently weighed in on CNXC. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Concentrix in a report on Friday, July 24th. Bank of America decreased their target price on shares of Concentrix from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Zacks Research cut Concentrix from a "hold" rating to a "strong sell" rating in a report on Thursday, July 2nd. Barrington Research reduced their price objective on Concentrix from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, June 30th. Finally, Canaccord Genuity Group decreased their price objective on Concentrix from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its stake in shares of Concentrix by 532.7% during the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company's stock valued at $34,000 after purchasing an additional 522 shares in the last quarter. Larson Financial Group LLC grew its position in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company's stock valued at $32,000 after buying an additional 479 shares in the last quarter. Global Retirement Partners LLC increased its stake in Concentrix by 1,032.5% during the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company's stock valued at $36,000 after buying an additional 795 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Concentrix during the second quarter valued at approximately $25,000. Finally, Rothschild Investment LLC increased its stake in shares of Concentrix by 52.0% during the fourth quarter. Rothschild Investment LLC now owns 1,146 shares of the company's stock valued at $48,000 after acquiring an additional 392 shares during the period. Institutional investors own 90.34% of the company's stock.

Concentrix Trading Up 8.7%

NASDAQ:CNXC opened at $25.72 on Thursday. Concentrix has a 12-month low of $19.12 and a 12-month high of $57.88. The firm has a market capitalization of $1.57 billion, a P/E ratio of -1.21, a P/E/G ratio of 0.43 and a beta of 0.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50 day simple moving average of $24.46 and a 200 day simple moving average of $27.63.

Concentrix (NASDAQ:CNXC - Get Free Report) 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 company had revenue of $2.46 billion for 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%.Concentrix's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 earnings per share. 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 predict that Concentrix will post 9.67 EPS for the current year.

Concentrix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, July 24th. Concentrix's payout ratio is -6.75%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source