CenterBook Partners LP Buys New Position in Concentrix Corporation $CNXC

CenterBook Partners LP purchased a new position in Concentrix Corporation (NASDAQ:CNXC) during the 3rd quarter, Holdings Channel reports. The fund purchased 17,748 shares of the company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Concentrix by 25.5% during the 2nd quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock valued at $226,252,000 after acquiring an additional 875,556 shares during the period. State Street Corp lifted its position in Concentrix by 8.7% during the second quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after purchasing an additional 130,529 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Concentrix by 3.1% during the second quarter. 1832 Asset Management L.P. now owns 1,544,997 shares of the company’s stock valued at $81,661,000 after purchasing an additional 46,856 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Concentrix in the third quarter worth about $31,768,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Concentrix by 247.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 535,843 shares of the company’s stock worth $28,322,000 after buying an additional 381,497 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Trading Up 1.3%

Concentrix stock opened at $32.85 on Friday. Concentrix Corporation has a 1 year low of $29.35 and a 1 year high of $66.00. The firm’s 50 day moving average price is $39.49 and its 200-day moving average price is $43.16. 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 cap of $2.02 billion, a P/E ratio of -1.58, a PEG ratio of 0.34 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last issued 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. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.54 billion. Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. Concentrix’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, January 30th. Concentrix’s payout ratio is -6.91%.

Wall Street Analyst Weigh In

CNXC has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Concentrix in a research report on Monday, January 12th. Weiss Ratings downgraded shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Wall Street Zen raised shares of Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Robert W. Baird set a $52.00 price objective on shares of Concentrix in a research report on Wednesday, January 14th. Three equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.75.

Insider Activity at Concentrix

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average cost 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 in the company, valued at approximately $13,422,120.25. This represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.20% 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.