Concentrix (NASDAQ:CNXC) Shares Down 7.3% – What’s Next?

Posted by Brenda Bartman on Oct 23rd, 2026

Concentrix Corporation (NASDAQ:CNXC – Get Free Report)’s stock price was down 7.3% during mid-day trading on Friday. The company traded as low as $31.50 and last traded at $31.7510. 226,372 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,622,909 shares. The stock had previously closed at $34.25.

Wall Street Analyst Weigh In

CNXC has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Thursday. Barrington Research reduced their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Canaccord Genuity Group reissued a “buy” rating and set a $45.00 target price on shares of Concentrix in a report on Wednesday, September 30th. Bank of America reiterated a “neutral” rating and set a $29.00 price target on shares of Concentrix in a report on Thursday, October 1st. Finally, Robert W. Baird decreased their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Concentrix currently has an average rating of “Hold” and a consensus price target of $33.50.

Check Out Our Latest Stock Report on Concentrix

Concentrix Price Performance

The company has a 50 day moving average of $27.81 and a 200 day moving average of $26.30. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -0.84, a price-to-earnings-growth ratio of 0.57 and a beta of 0.52. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.22.

Concentrix (NASDAQ:CNXC – Get Free Report) last issued its earnings results on Tuesday, September 29th. The company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.21. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Concentrix had a positive return on equity of 25.00% and a negative net margin of 23.99%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.78 earnings per share. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. As a group, equities research analysts forecast that Concentrix Corporation will post 9.77 EPS for the current fiscal year.

Concentrix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 3rd. Investors of record on Friday, October 23rd will be given a dividend of $0.37 per share. This is a boost from Concentrix’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. Concentrix’s dividend payout ratio is currently -3.70%.

Hedge Funds Weigh In On Concentrix

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Concentrix in the 2nd quarter worth approximately $149,639,000. Dimensional Fund Advisors LP grew its holdings in shares of Concentrix by 18.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock valued at $80,746,000 after acquiring an additional 460,108 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Concentrix by 0.5% in the first quarter. Pzena Investment Management LLC now owns 2,943,212 shares of the company’s stock worth $80,526,000 after acquiring an additional 16,016 shares during the last quarter. Groupe Bruxelles Lambert acquired a new stake in Concentrix during the second quarter valued at $68,000,000. Finally, Kopernik Global Investors LLC acquired a new stake in Concentrix during the first quarter valued at $44,523,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Company Profile

(Get Free Report)

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement and operational performance. Its offerings include customer experience management, digital operations, business process services, consulting, analytics, artificial intelligence, automation, and technology solutions.

The company supports customer care, technical support, sales, marketing, trust and safety, and back-office functions. Concentrix serves organizations across industries such as technology and electronics, retail, banking and financial services, healthcare, travel and transportation, communications and media, and automotive.

Concentrix operates across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.