Concentrix (NASDAQ:CNXC) Shares Up 5.4% – Should You Buy?

Concentrix Corporation (NASDAQ:CNXC)’s share price shot up 5.4% during mid-day trading on Friday . The stock traded as high as $29.76 and last traded at $29.64. Approximately 266,976 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,586,310 shares. The stock had previously closed at $28.13.

Analysts Set New Price Targets

A number of equities analysts recently commented on CNXC shares. Bank of America dropped their price target on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Barrington Research decreased their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Zacks Research lowered Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Finally, Canaccord Genuity Group cut their target price on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.75.

Concentrix Price Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day simple moving average of $24.53 and a 200 day simple moving average of $27.13. The company has a market capitalization of $1.81 billion, a PE ratio of -1.39, a P/E/G ratio of 0.51 and a beta of 0.45.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate 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 firm 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 posted $2.70 earnings per share. Concentrix’s quarterly 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 anticipate that Concentrix Corporation will post 9.67 EPS for the current year.

Concentrix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, July 24th. Concentrix’s payout ratio is presently -6.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in Concentrix by 532.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after purchasing an additional 522 shares during the period. Larson Financial Group LLC raised its stake in Concentrix by 224.9% in the third quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after buying an additional 479 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Concentrix by 1,032.5% during the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock worth $36,000 after buying an additional 795 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Concentrix during the second quarter worth $25,000. Finally, Rothschild Investment LLC boosted its position in Concentrix by 52.0% during the 4th quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock valued at $48,000 after acquiring an additional 392 shares in the last quarter. 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.