244,154 Shares in Concentrix Corporation $CNXC Purchased by Edgestream Partners L.P.

Posted by Geri Gentry on Jul 31st, 2026

Edgestream Partners L.P. bought a new stake in shares of Concentrix Corporation (NASDAQ:CNXC – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 244,154 shares of the company’s stock, valued at approximately $6,680,000.

Other large investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in shares of Concentrix by 13.4% during the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after buying an additional 263 shares during the last quarter. State of Wyoming boosted its position in shares of Concentrix by 6.2% during the fourth quarter. State of Wyoming now owns 5,029 shares of the company’s stock worth $209,000 after acquiring an additional 293 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Concentrix by 4.7% during the fourth quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after acquiring an additional 303 shares during the last quarter. California State Teachers Retirement System grew its stake in Concentrix by 1.1% during the second quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after acquiring an additional 384 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in Concentrix by 4.5% during the second quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock valued at $473,000 after acquiring an additional 384 shares in the last quarter. 90.34% of the stock is owned by hedge funds and other institutional investors.

Concentrix Stock Down 6.3%

NASDAQ:CNXC opened at $24.90 on Friday. 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 company has a 50-day moving average of $25.09 and a 200 day moving average of $29.23. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The firm has a market cap of $1.52 billion, a PE ratio of -1.17, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47.

Concentrix (NASDAQ:CNXC – Get Free Report) last issued its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). The business had revenue of $2.46 billion for 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%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, research analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Friday, July 24th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, July 24th. Concentrix’s dividend payout ratio is -6.75%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CNXC shares. Canaccord Genuity Group decreased their price target on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Robert W. Baird cut their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Zacks Research cut Concentrix from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. Barrington Research decreased their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Bank of America dropped their price target on Concentrix from $32.00 to $26.00 and set a “neutral” 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.75.

Read Our Latest Stock Analysis on Concentrix

Concentrix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Concentrix (NASDAQ:CNXC)

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