Deutsche Bank AG Invests $1.08 Million in Concentrix Corporation $CNXC

Deutsche Bank AG acquired a new stake in shares of Concentrix Corporation (NASDAQ:CNXC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 48,390 shares of the company's stock, valued at approximately $1,084,000. Deutsche Bank AG owned about 0.08% of Concentrix at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNXC. 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 valued at $32,000 after acquiring an additional 479 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company's stock worth $34,000 after purchasing an additional 522 shares in the last quarter. Global Retirement Partners LLC grew its position in Concentrix by 1,032.5% during the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company's stock worth $36,000 after purchasing an additional 795 shares during the last quarter. Webster Bank N. A. acquired a new position in Concentrix during the 1st quarter valued at approximately $41,000. Finally, Rothschild Investment LLC increased its stake in Concentrix by 52.0% during the 4th quarter. Rothschild Investment LLC now owns 1,146 shares of the company's stock valued at $48,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company's stock.

Analyst Ratings Changes

CNXC has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on shares of Concentrix from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, June 30th. Canaccord Genuity Group cut their target price on Concentrix from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Concentrix in a research report on Friday, July 24th. Barrington Research reduced 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. Finally, Bank of America lowered their price target on Concentrix from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $32.75.

Concentrix Price Performance

NASDAQ:CNXC opened at $29.38 on Monday. 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 company's fifty day moving average price is $24.62 and its 200-day moving average price is $27.07. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. 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 (NASDAQ:CNXC - Get Free Report) last posted its quarterly earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.01). The business had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. Concentrix's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period 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. As a group, equities research analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current year.

Concentrix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, July 24th. Concentrix's dividend payout ratio (DPR) is currently -6.75%.

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.

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