Concentrix (NASDAQ:CNXC) Stock Price Down 6.4% - Here's Why

Key Points

• Concentrix shares fell 6.4% to $30.10 in mid-day trading, with volume far below average, following a series of analyst price-target reductions.
• Analysts now have a consensus “Hold” rating and an average price target of $32.75; targets range from $26 at Bank of America to $45 at Canaccord Genuity.
• Recent quarterly results slightly missed expectations, with EPS of $2.63 versus $2.64 expected and revenue of $2.46 billion versus $2.47 billion; the company nevertheless maintained FY 2026 guidance and pays a quarterly dividend of $0.36, yielding about 4.9%.

Concentrix Corporation (NASDAQ:CNXC - Get Free Report) traded down 6.4% on Tuesday . The company traded as low as $29.75 and last traded at $30.10. 123,869 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,578,621 shares. The stock had previously closed at $32.16.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barrington Research reduced their price target on Concentrix from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Concentrix in a research note on Friday, July 24th. Bank of America reduced their target price on Concentrix from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Robert W. Baird decreased their target price on shares of Concentrix from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, June 30th. Finally, Canaccord Genuity Group lowered their price target on shares of Concentrix from $55.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $32.75.

Concentrix Stock Down 8.9%

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 stock's 50-day moving average price is $25.55 and its 200-day moving average price is $27.03. The company has a market cap of $1.79 billion, a P/E ratio of -1.37, a PEG ratio of 0.59 and a beta of 0.47.

Concentrix (NASDAQ:CNXC - Get Free Report) last posted its 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 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%.The company's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm 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 EPS for the current year.

Concentrix Announces Dividend

The firm also recently announced 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 4.9%. The ex-dividend date was Friday, July 24th. Concentrix's dividend payout ratio is currently -6.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP grew its holdings in Concentrix by 321.6% in the 2nd quarter. Corient Private Wealth LP now owns 121,597 shares of the company's stock worth $2,724,000 after acquiring an additional 92,752 shares during the last quarter. Amundi raised its position in shares of 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 in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Concentrix during the second quarter valued at approximately $1,343,000. California State Teachers Retirement System grew its stake in Concentrix by 2,497.0% in the second quarter. California State Teachers Retirement System now owns 1,157,241 shares of the company's stock worth $25,928,000 after purchasing an additional 1,112,681 shares during the period. Finally, Nykredit A S bought a new position in Concentrix in the second quarter worth $29,000. 90.34% of the stock is currently owned by institutional investors.

About Concentrix

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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