Concentrix (NASDAQ:CNXC) Shares Climb 5.1% – Should You Buy?

Posted by Stanley Muller on Oct 7th, 2026

Concentrix Corporation (NASDAQ:CNXC – Get Free Report) shares shot up 5.1% during mid-day trading on Wednesday. The company traded as high as $25.94 and last traded at $26.1050. 499,778 shares were traded during trading, a decline of 70% from the average daily volume of 1,653,338 shares. The stock had previously closed at $24.84.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Barrington Research dropped their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Bank of America restated a “neutral” rating and set a $29.00 price target on shares of Concentrix in a research report on Thursday, October 1st. Finally, Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.50.

Check Out Our Latest Report on Concentrix

Concentrix Price Performance

The firm has a 50-day simple moving average of $27.21 and a 200 day simple moving average of $26.31. The firm has a market cap of $1.59 billion, a PE ratio of -0.67, a price-to-earnings-growth ratio of 0.49 and a beta of 0.52. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.23 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC – Get Free Report) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $2.92 EPS for the quarter, topping 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 business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 EPS. 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 analysts expect that Concentrix Corporation will post 9.77 EPS for the current year.

Concentrix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, October 23rd. This is a boost from Concentrix’s previous quarterly dividend of $0.36. Concentrix’s payout ratio is -3.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Concentrix during the 2nd quarter valued at $149,639,000. Groupe Bruxelles Lambert purchased a new stake in shares of Concentrix in the second quarter worth approximately $68,000,000. Deutsche Bank AG bought a new position in Concentrix in the 2nd quarter valued at $1,084,000. Bank of America Corp DE bought a new stake in shares of Concentrix during the second quarter worth $18,248,000. Finally, Legal & General Group Plc purchased a new stake in shares of Concentrix during the second quarter valued at $3,337,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

Concentrix Company Profile

(Get Free Report)

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement, operational performance and digital experiences. The company provides customer experience management, business process outsourcing, technology services and consulting to organizations across industries including technology, retail, healthcare, financial services, communications and travel.

Its offerings include customer care and technical support, sales and revenue generation, fraud prevention, analytics, artificial intelligence, automation, digital transformation and back-office services.