Corient Private Wealth LP Acquires Shares of 112,722 Concentrix Corporation $CNXC

Corient Private Wealth LP bought a new stake in shares of Concentrix Corporation (NASDAQ:CNXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 112,722 shares of the company’s stock, valued at approximately $2,526,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNXC. BlackRock Inc. bought a new position in shares of Concentrix in the 2nd quarter worth about $149,639,000. Pzena Investment Management LLC bought a new stake in Concentrix during the second quarter worth about $76,488,000. Groupe Bruxelles Lambert bought a new stake in Concentrix during the second quarter worth about $68,000,000. Kopernik Global Investors LLC purchased a new stake in Concentrix in the first quarter worth about $44,523,000. Finally, AQR Capital Management LLC grew its holdings in Concentrix by 25.5% in the second quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock worth $226,252,000 after purchasing an additional 875,556 shares during the period. 90.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America decreased their target price 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 cut their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Robert W. Baird lowered their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.75.

Concentrix Stock Performance

Shares of Concentrix stock opened at $32.37 on Thursday. Concentrix Corporation has a 1 year low of $19.12 and a 1 year high of $57.88. The firm’s 50-day moving average is $25.06 and its 200 day moving average is $27.00. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -1.52, a PEG ratio of 0.59 and a beta of 0.47. 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 released its quarterly earnings data 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). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The firm’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 business 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. Sell-side analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.4%. Concentrix’s dividend payout ratio (DPR) is -6.75%.

Concentrix 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.