Concentrix Corporation (NASDAQ:CNXC – Get Free Report) has received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.75.
A number of research firms have recently commented on CNXC. Canaccord Genuity Group dropped their price target on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Zacks Research raised shares of Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Barrington Research reduced their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Bank of America cut their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th.
View Our Latest Stock Report on Concentrix
Concentrix Stock Performance
Concentrix (NASDAQ:CNXC – Get Free Report) last issued its quarterly earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.01). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. 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, research analysts anticipate that Concentrix will post 9.67 earnings per share for the current fiscal year.
Concentrix Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix’s dividend payout ratio (DPR) is currently -6.75%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Concentrix during the 2nd quarter worth about $149,639,000. Pzena Investment Management LLC raised its stake in shares of 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 purchasing an additional 714,604 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Concentrix by 18.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock valued at $80,746,000 after buying an additional 460,108 shares during the last quarter. Groupe Bruxelles Lambert acquired a new position in Concentrix during the second quarter worth $68,000,000. Finally, Kopernik Global Investors LLC acquired a new position in Concentrix during the first quarter worth $44,523,000. Institutional investors and hedge funds own 90.34% of the company’s stock.
About Concentrix
Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.
The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.
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