Concentrix (NASDAQ:CNXC) Stock Price Up 4.9% – Still a Buy?

Concentrix Corporation (NASDAQ:CNXC)’s stock price was up 4.9% on Tuesday. The stock traded as high as $26.90 and last traded at $26.7090. 60,637 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,643,716 shares. The stock had previously closed at $25.47.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barrington Research dropped their price target 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. Canaccord Genuity Group restated a “buy” rating and set a $45.00 price target on shares of Concentrix in a report on Wednesday, September 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Robert W. Baird reduced their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.50.

Concentrix Trading Up 5.6%

The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 0.49 and a beta of 0.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50 day moving average price of $27.28 and a 200 day moving average price of $26.18.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.21. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.48 billion. Concentrix had a positive return on equity of 25.00% and a negative net margin of 23.99%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $2.78 EPS. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. On average, research analysts expect that Concentrix Corporation will post 9.77 earnings per share for the current year.

Concentrix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This is an increase from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 5.5%. Concentrix’s dividend payout ratio is currently -3.70%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Concentrix during the second quarter valued at about $25,000. Nykredit A S purchased a new stake in shares of Concentrix in the 2nd quarter valued at approximately $29,000. Webster Bank N. A. acquired a new position in shares of Concentrix in the 1st quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Concentrix by 126.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,509 shares of the company’s stock worth $96,000 after acquiring an additional 1,960 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Concentrix by 9.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,556 shares of the company’s stock worth $114,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement, operational performance and digital experiences. The company provides customer experience management, business process outsourcing, technology services and consulting to organizations across industries including technology, retail, healthcare, financial services, communications and travel.

Its offerings include customer care and technical support, sales and revenue generation, fraud prevention, analytics, artificial intelligence, automation, digital transformation and back-office services.