Concentrix Corporation (NASDAQ:CNXC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts hold a mixed view of Concentrix: six firms collectively rate the stock “Hold,” with three buys, two holds and one sell. The average 12-month price target is $32.75, though several analysts recently reduced their targets.
• Institutional investors own 90.34% of the company’s shares, with firms including Corient Private Wealth and Amundi increasing their positions during the second quarter.
• Concentrix slightly missed quarterly earnings and revenue expectations, reporting $2.63 in EPS and $2.46 billion in revenue. The company also pays a quarterly dividend of $0.36, representing a 5.1% annualized yield.

Shares of Concentrix Corporation (NASDAQ:CNXC - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.75.

Several equities analysts recently commented on the stock. Bank of America reduced their target price on shares of Concentrix from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Zacks Research upgraded shares of Concentrix from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Concentrix in a research note on Friday, July 24th. Canaccord Genuity Group decreased their price objective on Concentrix from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Finally, Barrington Research lowered their target price on Concentrix from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, June 30th.

Institutional Trading of Concentrix

Several hedge funds and other institutional investors have recently bought and sold shares of CNXC. Engineers Gate Manager LP bought a new position in shares of Concentrix in the second quarter worth approximately $228,000. Arizona State Retirement System raised its holdings in Concentrix by 14.8% during the 2nd quarter. Arizona State Retirement System now owns 11,783 shares of the company's stock valued at $264,000 after buying an additional 1,523 shares during the last quarter. Nykredit A S purchased a new stake in Concentrix during the 2nd quarter valued at $29,000. Corient Private Wealth LP boosted its position in Concentrix by 321.6% during the 2nd quarter. Corient Private Wealth LP now owns 121,597 shares of the company's stock valued at $2,724,000 after buying an additional 92,752 shares during the period. Finally, Amundi grew its holdings in Concentrix by 46.2% in the 2nd quarter. Amundi now owns 33,437 shares of the company's stock worth $749,000 after acquiring an additional 10,572 shares during the last quarter. Institutional investors own 90.34% of the company's stock.

Concentrix Stock Performance

NASDAQ CNXC opened at $28.24 on Monday. The stock's 50-day simple moving average is $25.88 and its two-hundred day simple moving average is $26.91. Concentrix has a twelve month low of $19.12 and a twelve month high of $57.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -1.32, a PEG ratio of 0.52 and a beta of 0.47.

Concentrix (NASDAQ:CNXC - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.Concentrix's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Research analysts forecast that Concentrix will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix's payout ratio is -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.

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