Concentrix Corporation (NASDAQ:CNXC) Receives $32.75 Consensus PT from Brokerages

Shares of Concentrix Corporation (NASDAQ:CNXC) have earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.75.

CNXC has been the subject of several research analyst reports. Zacks Research downgraded shares of Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. 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. Bank of America decreased their price target on 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 reiterated a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Finally, Canaccord Genuity Group lowered their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th.

Institutional Investors Weigh In On Concentrix

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Concentrix by 9.5% in the first quarter. Royal Bank of Canada now owns 47,501 shares of the company’s stock worth $2,643,000 after purchasing an additional 4,133 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Concentrix by 75.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 423,287 shares of the company’s stock worth $23,552,000 after buying an additional 181,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Concentrix by 17.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,515 shares of the company’s stock worth $8,152,000 after buying an additional 21,746 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Concentrix in the 1st quarter worth about $781,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after buying an additional 522 shares during the period. 90.34% of the stock is currently owned by institutional investors.

Concentrix Stock Up 0.8%

CNXC stock opened at $25.40 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46. The firm has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $27.53. The company has a market capitalization of $1.55 billion, a P/E ratio of -1.19, a PEG ratio of 0.47 and a beta of 0.45. Concentrix has a twelve month low of $19.12 and a twelve month high of $57.88.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, equities research analysts predict that Concentrix 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. Stockholders of record on Friday, July 24th were given a $0.36 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.44 annualized dividend and a dividend yield of 5.7%. Concentrix’s dividend payout ratio (DPR) is presently -6.75%.

Concentrix Company 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.