Concentrix Corporation (NASDAQ:CNXC) Receives Consensus Rating of “Hold” from Brokerages

Concentrix Corporation (NASDAQ:CNXC) has earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.75.

Several research analysts have recently commented on CNXC shares. Robert W. Baird set a $52.00 price target on shares of Concentrix in a report on Wednesday, January 14th. Barrington Research reissued an “outperform” rating and issued a $62.00 target price on shares of Concentrix in a report on Monday, January 12th. Wall Street Zen downgraded Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings cut Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday.

Concentrix Trading Down 3.3%

NASDAQ:CNXC opened at $37.35 on Friday. The company has a market cap of $2.30 billion, a PE ratio of -1.79, a P/E/G ratio of 0.41 and a beta of 0.48. The business’s 50 day moving average is $40.08 and its two-hundred day moving average is $45.30. The company has a quick ratio of 1.56, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. Concentrix has a 52 week low of $31.63 and a 52 week high of $66.00.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Tuesday, January 13th. The company reported $2.95 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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, analysts predict that Concentrix will post 10.11 EPS for the current year.

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 3.9%. Concentrix’s dividend payout ratio (DPR) is currently -6.91%.

Hedge Funds Weigh In On Concentrix

Several hedge funds and other institutional investors have recently modified their holdings of CNXC. Royal Bank of Canada grew its position in shares of Concentrix by 9.5% during the first quarter. Royal Bank of Canada now owns 47,501 shares of the company’s stock worth $2,643,000 after acquiring an additional 4,133 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Concentrix by 75.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 423,287 shares of the company’s stock valued at $23,552,000 after purchasing an additional 181,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 purchasing an additional 21,746 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Concentrix in the first quarter valued at approximately $781,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Concentrix by 532.7% in the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after purchasing an additional 522 shares during the period. Institutional investors and hedge funds 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.