Concentrix (NASDAQ:CNXC) Shares Gap Down – Should You Sell?

Shares of Concentrix Corporation (NASDAQ:CNXC) gapped down before the market opened on Thursday . The stock had previously closed at $24.41, but opened at $23.77. Concentrix shares last traded at $24.5490, with a volume of 136,108 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday. Robert W. Baird cut their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday. Canaccord Genuity Group reduced their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday. Barrington Research decreased their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.75.

Concentrix Stock Performance

The business’s 50-day moving average price is $25.34 and its 200 day moving average price is $31.69. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -1.11, a PEG ratio of 0.43 and a beta of 0.47.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.01). The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. Concentrix’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 earnings per share. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, equities analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Friday, July 24th. Concentrix’s dividend payout ratio is presently -6.75%.

Insider Activity

In related news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andre S. Valentine purchased 2,500 shares of Concentrix stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average cost of $27.95 per share, with a total value of $69,875.00. Following the acquisition, the chief financial officer directly owned 89,066 shares of the company’s stock, valued at $2,489,394.70. The trade was a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Concentrix

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thompson Investment Management Inc. grew its position in shares of Concentrix by 36.9% during the fourth quarter. Thompson Investment Management Inc. now owns 216,154 shares of the company’s stock worth $8,988,000 after buying an additional 58,251 shares in the last quarter. Invenomic Capital Management LP raised its holdings in Concentrix by 19.7% in the third quarter. Invenomic Capital Management LP now owns 822,345 shares of the company’s stock valued at $37,951,000 after acquiring an additional 135,429 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Concentrix by 189.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 77,128 shares of the company’s stock valued at $3,559,000 after acquiring an additional 50,482 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its stake in Concentrix by 100.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $3,493,000 after acquiring an additional 42,000 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Concentrix by 32.3% during the 4th 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 in the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

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.