Advisors Preferred LLC Acquires Shares of 26,504 Concentrix Corporation $CNXC

Advisors Preferred LLC bought a new position in shares of Concentrix Corporation (NASDAQ:CNXC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,504 shares of the company’s stock, valued at approximately $725,000.

A number of other large investors have also recently modified their holdings of CNXC. AQR Capital Management LLC raised its stake in Concentrix by 25.5% during the second quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock worth $226,252,000 after acquiring an additional 875,556 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Concentrix by 32.3% in the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after acquiring an additional 714,604 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Concentrix by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock valued at $103,588,000 after purchasing an additional 551,778 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Concentrix in the 4th quarter valued at approximately $22,913,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Concentrix during the 4th quarter valued at approximately $19,385,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Insider Transactions at Concentrix

In other news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total value of $133,500,000.00. Following the transaction, the insider owned 2,773,667 shares in the company, valued at approximately $61,714,090.75. The trade was a 68.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNXC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Monday, April 27th. Barrington Research decreased their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Canaccord Genuity Group lowered their price target on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wall Street Zen cut Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Robert W. Baird dropped their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.75.

Concentrix Stock Down 5.3%

Shares of NASDAQ:CNXC opened at $23.57 on Wednesday. The firm has a market cap of $1.44 billion, a P/E ratio of -1.11, a P/E/G ratio of 0.46 and a beta of 0.47. Concentrix Corporation has a 12-month low of $19.12 and a 12-month high of $62.14. The business has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $30.76. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts predict that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 6.1%. Concentrix’s dividend payout ratio (DPR) is presently -6.75%.

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.