Hsbc Holdings PLC Makes New $2.42 Million Investment in Concentrix Corporation $CNXC

Hsbc Holdings PLC bought a new position in shares of Concentrix Corporation (NASDAQ:CNXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 108,186 shares of the company’s stock, valued at approximately $2,424,000. Hsbc Holdings PLC owned 0.18% of Concentrix as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in Concentrix in the second quarter worth approximately $25,000. Larson Financial Group LLC raised its position in Concentrix by 224.9% during the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after purchasing an additional 479 shares in the last quarter. Geneos Wealth Management Inc. raised 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 in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Concentrix by 1,032.5% in the 4th 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. Finally, Webster Bank N. A. purchased a new stake in shares of Concentrix in the 1st quarter worth $41,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Price Performance

Shares of CNXC stock opened at $29.38 on Monday. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The stock’s 50-day moving average is $24.62 and its 200 day moving average is $27.07. The company has a market cap of $1.79 billion, a P/E ratio of -1.38, a PEG ratio of 0.54 and a beta of 0.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The firm had revenue of $2.46 billion during 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 business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Research analysts predict that Concentrix Corporation will post 9.67 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CNXC shares. Bank of America dropped their target price on shares of 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 reduced their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. 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 research report on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Finally, Zacks Research lowered shares of Concentrix from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. 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 company’s stock. According to MarketBeat.com, Concentrix has an average rating of “Hold” and an average target price of $32.75.

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.