Susquehanna Fundamental Investments LLC Has $4.48 Million Stock Position in Concentrix Corporation $CNXC

Susquehanna Fundamental Investments LLC boosted its position in shares of Concentrix Corporation (NASDAQ:CNXC - Free Report) by 294.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200,006 shares of the company's stock after purchasing an additional 149,263 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.33% of Concentrix worth $4,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Concentrix during the second quarter valued at $149,639,000. AQR Capital Management LLC grew its position in shares of Concentrix by 1.8% during the 3rd quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company's stock worth $202,175,000 after buying an additional 75,352 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Concentrix during the 2nd quarter worth approximately $76,488,000. Dimensional Fund Advisors LP raised its stake in shares of Concentrix by 18.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company's stock worth $80,746,000 after buying an additional 460,108 shares during the last quarter. Finally, Groupe Bruxelles Lambert bought a new stake in shares of Concentrix during the second quarter worth approximately $68,000,000. Institutional investors and hedge funds own 90.34% of the company's stock.

Analyst Ratings Changes

CNXC has been the topic of several analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Concentrix in a research note on Friday, July 24th. Canaccord Genuity Group decreased their target price on Concentrix from $55.00 to $45.00 and set a "buy" 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 research note on Thursday, July 2nd. Bank of America cut their price target on shares of Concentrix from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 30th. Finally, Robert W. Baird reduced their price objective on shares of Concentrix from $40.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.75.

Concentrix Stock Performance

CNXC stock opened at $30.10 on Tuesday. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46. The firm has a market cap of $1.84 billion, a PE ratio of -1.41, a P/E/G ratio of 0.54 and a beta of 0.45. The business's 50-day moving average price is $24.74 and its two-hundred day moving average price is $27.00.

Concentrix (NASDAQ:CNXC - Get Free Report) last announced its quarterly earnings results on Monday, June 29th. The company reported $2.63 earnings per share (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 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 firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter last 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. As a group, research analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix's dividend payout ratio is presently -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.

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