Concentrix (NASDAQ:CNXC) Stock Price Down 6.4% – Here’s What Happened

Concentrix Corporation (NASDAQ:CNXC) shares were down 6.4% during trading on Tuesday . The stock traded as low as $29.75 and last traded at $30.10. 123,869 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,578,621 shares. The stock had previously closed at $32.16.

Analyst Ratings Changes

Several research firms recently issued reports on CNXC. Bank of America dropped their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Barrington Research lowered their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Canaccord Genuity Group cut their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Concentrix presently has a consensus rating of “Hold” and a consensus target price of $32.75.

Concentrix Price Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -1.27, a price-to-earnings-growth ratio of 0.52 and a beta of 0.47. The business’s 50 day simple moving average is $25.72 and its 200-day simple moving average is $26.96.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.01). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. Concentrix’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Research analysts anticipate that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 5.3%. Concentrix’s payout ratio is presently -6.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Concentrix in the second quarter worth about $25,000. Nykredit A S acquired a new position in shares of Concentrix during the second quarter valued at approximately $29,000. Larson Financial Group LLC lifted its position in Concentrix by 224.9% in the third quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after purchasing an additional 479 shares during the period. Geneos Wealth Management Inc. boosted its stake in Concentrix by 532.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after purchasing an additional 522 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Concentrix by 1,032.5% during the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after purchasing an additional 795 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.