Concentrix (NASDAQ:CNXC) Trading 10.2% Higher – Should You Buy?

Concentrix Corporation (NASDAQ:CNXC) rose 10.2% during mid-day trading on Thursday . The company traded as high as $34.65 and last traded at $34.4390. Approximately 314,794 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,326,616 shares. The stock had previously closed at $31.24.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $62.00 price objective on shares of Concentrix in a report on Monday, January 12th. Wall Street Zen upgraded shares of Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Robert W. Baird set a $52.00 price objective on shares of Concentrix in a research note on Wednesday, January 14th. Finally, Weiss Ratings lowered shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.75.

Concentrix Stock Up 3.0%

The firm’s fifty day simple moving average is $38.95 and its 200 day simple moving average is $42.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.67. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -1.54, a PEG ratio of 0.32 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.02. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. Sell-side analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were issued a $0.36 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.5%. Concentrix’s dividend payout ratio is presently -6.91%.

Insider Buying and Selling at Concentrix

In other Concentrix news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $37.07 per share, for a total transaction of $37,070.00. Following the completion of the purchase, the chief executive officer directly owned 362,075 shares in the company, valued at $13,422,120.25. This trade represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Trading of Concentrix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. purchased a new position in shares of Concentrix during the third quarter worth about $1,938,000. Envestnet Asset Management Inc. boosted its position in shares of Concentrix by 32.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 220,030 shares of the company’s stock valued at $11,630,000 after purchasing an additional 54,449 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Concentrix in the 3rd quarter valued at about $9,627,000. Brandywine Global Investment Management LLC purchased a new position in Concentrix during the 2nd quarter worth approximately $5,942,000. Finally, Capital Management Corp VA increased its position in Concentrix by 45.0% during the third quarter. Capital Management Corp VA now owns 472,681 shares of the company’s stock worth $21,814,000 after buying an additional 146,688 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

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.