Concentrix Stock Price, News & Analysis (NASDAQ:CNXC)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNXC shares.
View CNXC analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1 year target prices for Concentrix's shares. Their CNXC share price targets range from $70.00 to $165.00. On average, they predict the company's share price to reach $119.60 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for CNXC or view top-rated stocks among Wall Street analysts.

Concentrix's stock was trading at $133.16 at the beginning of 2023. Since then, CNXC shares have decreased by 29.0% and is now trading at $94.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CNXC earnings forecast.

Concentrix Co. (NASDAQ:CNXC) announced its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by $0.08. The firm earned $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%.

Concentrix declared a quarterly dividend on Wednesday, September 27th. Stockholders of record on Friday, October 27th will be paid a dividend of $0.303 per share on Tuesday, November 7th. This represents a $1.21 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, October 26th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CNXC.

Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.

ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust Technology AlphaDEX Fund (FXL), Thrivent Small-Mid Cap ESG ETF (TSME), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Nuveen ESG Small-Cap ETF (NUSC).Pacer US Cash Cows Growth ETF (BUL).

Concentrix issued an update on its fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided EPS guidance of $3.03-$3.15 for the period, compared to the consensus earnings per share estimate of $3.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $1.70 billion.

(CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura acted as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Concentrix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (11.06%), Impactive Capital LP (4.89%), Fuller & Thaler Asset Management Inc. (1.46%), AQR Capital Management LLC (1.19%), Causeway Capital Management LLC (0.99%) and Principal Financial Group Inc. (0.98%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver.
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Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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