Concentrix Corporation $CNXC Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in Concentrix Corporation (NASDAQ:CNXC) by 327.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,106 shares of the company’s stock after acquiring an additional 59,823 shares during the period. New York State Common Retirement Fund’s holdings in Concentrix were worth $3,605,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hussman Strategic Advisors Inc. acquired a new stake in Concentrix in the third quarter valued at $1,938,000. Envestnet Asset Management Inc. boosted its position in shares of Concentrix by 32.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 220,030 shares of the company’s stock worth $11,630,000 after buying an additional 54,449 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Concentrix in the 3rd quarter valued at about $9,627,000. Brandywine Global Investment Management LLC purchased a new position in Concentrix during the 2nd quarter valued at about $5,942,000. Finally, Natixis purchased a new position in Concentrix during the 2nd quarter valued at about $1,872,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Concentrix

In related news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 362,075 shares of the company’s stock, valued at approximately $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a research report on Monday, January 12th. Robert W. Baird set a $52.00 target price on Concentrix in a research note on Wednesday, January 14th. Wall Street Zen downgraded Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.75.

Concentrix Trading Up 6.6%

Shares of Concentrix stock opened at $39.93 on Friday. Concentrix Corporation has a fifty-two week low of $31.63 and a fifty-two week high of $66.00. The firm has a market cap of $2.46 billion, a PE ratio of -1.92, a P/E/G ratio of 0.42 and a beta of 0.50. The business’s fifty day moving average is $40.37 and its two-hundred day moving average is $44.62. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.67.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The business had revenue of $2.55 billion during 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 business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 earnings per share. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. Analysts anticipate that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.6%. Concentrix’s dividend payout ratio is currently -6.91%.

Concentrix 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.