Concentrix (NASDAQ:CNXC) Trading Up 7.2% Following Strong Earnings

Concentrix Corporation (NASDAQ:CNXC) shares traded up 7.2% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $42.29 and last traded at $41.9950. 171,968 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,147,321 shares. The stock had previously closed at $39.18.

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 for the quarter, compared to analyst estimates of $2.54 billion. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same period last 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.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, January 30th. Concentrix’s payout ratio is -6.91%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings upgraded Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Robert W. Baird set a $52.00 price objective on shares of Concentrix in a research note on Wednesday. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 price target on shares of Concentrix in a research report on Tuesday, September 23rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $62.00 target price on shares of Concentrix in a report on Monday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.75.

Insider Transactions at Concentrix

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of $40.00 per share, with a total value of $40,000.00. Following the acquisition, the chief executive officer directly owned 287,661 shares in the company, valued at approximately $11,506,440. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CNXC. Huntington National Bank lifted its position in 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 period. Geneos Wealth Management Inc. lifted its stake in shares of Concentrix by 532.7% in the 1st 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 period. Quent Capital LLC bought a new stake in Concentrix during the third quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in shares of Concentrix by 224.9% during the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after buying an additional 479 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Concentrix by 473.8% during the 2nd quarter. IFP Advisors Inc now owns 700 shares of the company’s stock valued at $37,000 after buying an additional 578 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors.

Concentrix Stock Up 1.8%

The firm has a market cap of $2.63 billion, a P/E ratio of -2.02, a price-to-earnings-growth ratio of 0.55 and a beta of 0.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.56. The company’s 50-day simple moving average is $38.61 and its 200 day simple moving average is $46.62.

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.