Concentrix Corporation $CNXC Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its holdings in Concentrix Corporation (NASDAQ:CNXC) by 49.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 431,229 shares of the company’s stock after purchasing an additional 143,092 shares during the period. Sei Investments Co.’s holdings in Concentrix were worth $11,799,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming grew its stake in shares of Concentrix by 48.5% in the 1st quarter. State of Wyoming now owns 7,469 shares of the company’s stock valued at $204,000 after buying an additional 2,440 shares during the period. Kopernik Global Investors LLC purchased a new stake in shares of Concentrix in the 1st quarter valued at $44,523,000. First Trust Advisors LP increased its stake in Concentrix by 11.1% during the first quarter. First Trust Advisors LP now owns 895,118 shares of the company’s stock worth $24,490,000 after purchasing an additional 89,220 shares during the period. Dimensional Fund Advisors LP boosted its position in Concentrix by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock valued at $80,746,000 after buying an additional 460,108 shares during the period. Finally, Kera Capital Partners Inc. acquired a new position in Concentrix during the 1st quarter worth $322,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group decreased their price target on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Bank of America reduced their target price on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Barrington Research cut their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Robert W. Baird decreased their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note 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. According to MarketBeat.com, Concentrix has an average rating of “Hold” and a consensus target price of $32.75.

Concentrix Stock Down 1.2%

Shares of NASDAQ:CNXC opened at $24.60 on Friday. Concentrix Corporation has a 1 year low of $19.12 and a 1 year high of $57.88. The stock has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $29.20. The stock has a market capitalization of $1.50 billion, a P/E ratio of -1.15, a PEG ratio of 0.46 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Equities analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, July 24th. Concentrix’s payout ratio is -6.75%.

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.