Canaccord Genuity Group Cuts Concentrix (NASDAQ:CNXC) Price Target to $55.00

Concentrix (NASDAQ:CNXC) had its price objective reduced by Canaccord Genuity Group from $80.00 to $55.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Weiss Ratings cut shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Barrington Research reiterated an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a research note on Tuesday, March 17th. Wall Street Zen raised shares of Concentrix from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Robert W. Baird dropped their price objective on shares of Concentrix from $52.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Concentrix has a consensus rating of “Hold” and a consensus target price of $48.50.

Concentrix Stock Down 4.7%

Shares of NASDAQ:CNXC opened at $26.42 on Wednesday. The firm has a market capitalization of $1.62 billion, a P/E ratio of -1.23, a P/E/G ratio of 0.35 and a beta of 0.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.40 and a current ratio of 1.18. The stock has a 50 day moving average price of $34.38 and a 200-day moving average price of $39.96. Concentrix has a 52-week low of $24.27 and a 52-week high of $64.74.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Tuesday, March 24th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.04). The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.79 earnings per share. As a group, equities research analysts anticipate that Concentrix will post 10.11 EPS for the current fiscal year.

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, April 24th. Concentrix’s payout ratio is -6.68%.

Insider Activity at Concentrix

In related news, CEO Christopher A. Caldwell bought 1,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average cost of $37.07 per share, with a total value of $37,070.00. Following the completion of the purchase, the chief executive officer owned 362,075 shares in the company, valued at approximately $13,422,120.25. The trade was a 0.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Concentrix

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its stake in Concentrix by 60.1% in the 4th quarter. Hsbc Holdings PLC now owns 59,134 shares of the company’s stock worth $2,459,000 after purchasing an additional 22,187 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Concentrix during the 4th quarter valued at about $289,000. Pacer Advisors Inc. raised its holdings in Concentrix by 73.2% in the fourth quarter. Pacer Advisors Inc. now owns 16,099 shares of the company’s stock worth $669,000 after buying an additional 6,804 shares during the last quarter. Invesco Ltd. raised its holdings in Concentrix by 16.3% in the fourth quarter. Invesco Ltd. now owns 478,790 shares of the company’s stock worth $19,908,000 after buying an additional 67,036 shares during the last quarter. Finally, SummitTX Capital L.P. lifted its stake in shares of Concentrix by 268.0% in the fourth quarter. SummitTX Capital L.P. now owns 45,780 shares of the company’s stock worth $1,904,000 after buying an additional 33,340 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Trending Headlines about Concentrix

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Management emphasized AI-led growth opportunities on the Q1 earnings call and highlighted strategic initiatives that could boost margins over time. Concentrix Earnings Call Highlights AI-Led Growth
• Neutral Sentiment: Q1 revenue came in roughly in line or slightly above expectations and grew year-over-year, showing demand resilience even as profitability disappointed; the full earnings-call transcript is available for detail on guidance and cost actions. Concentrix Q1 2026 earnings call transcript
• Neutral Sentiment: Several market roundups listed CNXC among stocks trading down after the print, reflecting broad market reaction rather than company-specific news only. Driven Brands, Cogent, Concentrix, Arlo Technologies, and Planet Labs Stocks Trade Down
• Negative Sentiment: CNXC missed on EPS (market coverage highlights a sizable EPS miss in headlines), which is the primary driver of the selloff as investors punish the near-term profitability miss. Concentrix Corporation Just Missed EPS By 63%
• Negative Sentiment: Multiple brokerages lowered expectations and issued pessimistic forecasts/price-target cuts following the quarter (Barrington Research, Robert W. Baird, Canaccord Genuity), increasing sell-side pressure. Barrington Research Has Lowered Expectations for Concentrix
• Negative Sentiment: Coverage pieces report shares falling and CNXC hitting a new one-year low after the earnings miss, a sign of quantitatively increased downside interest and weaker near-term sentiment. Concentrix Sets New 1-Year Low After Earnings Miss
• Negative Sentiment: News outlets summarized the stock decline as “disappointing earnings” with shares down several percent, reinforcing the negative momentum. Shares Down on Disappointing Earnings

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.