Concentrix (NASDAQ:CNXC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Concentrix (NASDAQ:CNXC) from a hold rating to a buy rating in a report published on Saturday.

A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, January 29th. Barrington Research reissued an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a report on Monday, January 12th. Finally, Robert W. Baird set a $52.00 price objective on shares of Concentrix in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.75.

Concentrix Trading Up 0.5%

NASDAQ:CNXC opened at $30.39 on Friday. Concentrix has a 52 week low of $29.35 and a 52 week high of $66.00. The firm has a 50-day moving average price of $40.16 and a two-hundred day moving average price of $43.73. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -1.46, a price-to-earnings-growth ratio of 0.32 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Tuesday, January 13th. The company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.54 billion. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities analysts expect that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 4.7%. Concentrix’s dividend payout ratio is presently -6.91%.

Insiders Place Their Bets

In other Concentrix news, CEO Christopher A. Caldwell acquired 1,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average cost of $37.07 per share, with a total value of $37,070.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Concentrix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Concentrix during the 4th quarter valued at approximately $100,000. Marshall Wace LLP raised its holdings in Concentrix by 1,062.2% during the 4th quarter. Marshall Wace LLP now owns 394,686 shares of the company’s stock valued at $16,411,000 after acquiring an additional 360,725 shares during the period. Stifel Financial Corp raised its holdings in Concentrix by 2.2% during the 4th quarter. Stifel Financial Corp now owns 153,062 shares of the company’s stock valued at $6,364,000 after acquiring an additional 3,265 shares during the period. Advyzon Investment Management LLC purchased a new stake in shares of Concentrix during the fourth quarter worth $341,000. Finally, First Trust Advisors LP boosted its holdings in shares of Concentrix by 37.7% in the fourth quarter. First Trust Advisors LP now owns 805,898 shares of the company’s stock worth $33,509,000 after acquiring an additional 220,590 shares during the period. Institutional investors own 90.34% of the company’s stock.

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.