Robert W. Baird Has Lowered Expectations for Concentrix (NASDAQ:CNXC) Stock Price

Concentrix (NASDAQ:CNXC) had its target price lowered by investment analysts at Robert W. Baird from $40.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 18.91% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Concentrix from $80.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Barrington Research reaffirmed an “outperform” rating and set a $38.00 price target on shares of Concentrix in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research report on Monday, April 27th. Finally, Wall Street Zen cut Concentrix from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Concentrix Trading Up 0.9%

Shares of CNXC stock opened at $25.23 on Tuesday. The company’s 50-day moving average price is $25.84 and its 200-day moving average price is $32.08. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.43. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -1.17, a PEG ratio of 0.31 and a beta of 0.43. Concentrix has a twelve month low of $22.05 and a twelve month high of $62.14.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $2.70 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Concentrix will post 10.42 earnings per share for the current year.

Insider Transactions at Concentrix

In related news, CFO Andre S. Valentine purchased 2,500 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average cost of $27.95 per share, for a total transaction of $69,875.00. Following the completion of the transaction, the chief financial officer directly owned 89,066 shares in the company, valued at approximately $2,489,394.70. The trade was a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of Concentrix stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total transaction of $133,500,000.00. Following the sale, the insider owned 2,773,667 shares of the company’s stock, valued at approximately $61,714,090.75. This represents a 68.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Concentrix

Several large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its holdings in shares of Concentrix by 13.4% in the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after purchasing an additional 263 shares in the last quarter. State of Wyoming boosted its holdings 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 purchasing an additional 293 shares during the last quarter. Deutsche Bank AG boosted its stake in Concentrix by 4.7% in the 4th quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after buying an additional 303 shares during the last quarter. California State Teachers Retirement System grew its holdings in Concentrix by 1.1% in the second quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after purchasing an additional 384 shares during the period. Finally, Brevan Howard Capital Management LP grew its stake in shares of Concentrix by 4.5% during the 2nd quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock valued at $473,000 after buying an additional 384 shares during the period. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Key Concentrix News

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Concentrix highlighted stronger cash generation in Q2, including record cash flow from operations and adjusted free cash flow, while also saying iX Suite deals rose sharply year over year. Concentrix Reports Second Quarter 2026 Results
• Positive Sentiment: The company said it remains focused on AI-driven growth, offshore delivery shifts, and cost cuts to improve margins over time. Concentrix Q2 Earnings Call Focuses on AI Push, Margin Path
• Neutral Sentiment: Concentrix declared a quarterly dividend of $0.36 per share, which supports the stock’s income appeal but is not a major near-term growth catalyst.
• Neutral Sentiment: Market commentary noted CNXC among the day’s stock movers, reflecting broader investor attention to the earnings reaction and AI-related trading themes. Strategy, Super Micro, Concentrix, and More Stocks That Explain Today’s Market
• Negative Sentiment: Q2 EPS of $2.63 missed expectations by a penny, and revenue of about $2.46 billion also came in slightly below estimates.
• Negative Sentiment: Management cut both Q3 and full-year guidance below Wall Street forecasts, signaling pressure from softer client spending and a more cautious demand outlook. Concentrix cuts annual forecast as clients trim spend; shares fall

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.