Concentrix (NASDAQ:CNXC) Trading Down 5.1% – Here’s What Happened

Concentrix Corporation (NASDAQ:CNXC) fell 5.1% during mid-day trading on Tuesday . The stock traded as low as $31.37 and last traded at $32.21. 181,963 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,312,894 shares. The stock had previously closed at $33.94.

Wall Street Analyst Weigh In

CNXC has been the topic of a number of recent research reports. 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. Weiss Ratings cut shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Concentrix has an average rating of “Hold” and a consensus target price of $63.75.

Concentrix Stock Performance

The business’s fifty day moving average price is $37.66 and its 200-day moving average price is $41.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $2.01 billion, a PE ratio of -1.57, a P/E/G ratio of 0.37 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last posted 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. Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm posted $3.26 EPS. Concentrix’s revenue was up 4.3% on a year-over-year basis. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. As a group, equities research analysts expect that Concentrix Corporation will post 10.11 EPS for the current year.

Concentrix Dividend Announcement

The company also recently declared 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 of this dividend was Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 4.4%. Concentrix’s dividend payout ratio is presently -6.91%.

Insider Transactions at Concentrix

In other Concentrix news, CEO Christopher A. Caldwell acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $37.07 per share, with a total value of $37,070.00. Following the completion of the purchase, the chief executive officer owned 362,075 shares of the company’s stock, valued at approximately $13,422,120.25. This represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Concentrix

A number of institutional investors have recently added to or reduced their stakes in CNXC. Huntington National Bank boosted its position in shares of Concentrix by 6,011.1% during the 3rd quarter. Huntington National Bank now owns 550 shares of the company’s stock valued at $25,000 after acquiring an additional 541 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Concentrix by 532.7% in the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after purchasing an additional 522 shares during the last quarter. Quent Capital LLC purchased a new stake in Concentrix in the third quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in Concentrix by 224.9% in the third quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after purchasing an additional 479 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in Concentrix by 14,980.0% during the third quarter. Rothschild Investment LLC now owns 754 shares of the company’s stock valued at $35,000 after purchasing an additional 749 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

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.