Concentrix (NASDAQ:CNXC) Stock Price Down 6.2% – What’s Next?

Shares of Concentrix Corporation (NASDAQ:CNXC) dropped 6.2% on Wednesday . The stock traded as low as $38.93 and last traded at $39.0280. Approximately 233,488 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,127,027 shares. The stock had previously closed at $41.61.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird set a $52.00 target price on Concentrix in a report on Wednesday, January 14th. Wall Street Zen lowered shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings raised shares of Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $62.00 price target on shares of Concentrix in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.75.

Concentrix Stock Down 12.6%

The company has a market cap of $2.26 billion, a price-to-earnings ratio of -1.74, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.56 and a current ratio of 1.40. The stock’s fifty day moving average is $39.87 and its two-hundred day moving average is $45.62.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company posted $3.26 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. Sell-side analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be issued a $0.36 dividend. The ex-dividend date is Friday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 4.0%. Concentrix’s dividend payout ratio is currently -6.91%.

Insiders Place Their Bets

In other news, CEO Christopher A. Caldwell purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $42.03 per share, for a total transaction of $84,060.00. Following the completion of the acquisition, the chief executive officer owned 286,661 shares in the company, valued at $12,048,361.83. This trade represents a 0.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Concentrix

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased 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 acquiring an additional 263 shares during the last quarter. Earned Wealth Advisors LLC increased its position in shares of Concentrix by 6.4% during the 2nd quarter. Earned Wealth Advisors LLC now owns 4,488 shares of the company’s stock valued at $237,000 after purchasing an additional 269 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Concentrix by 39.3% during the 2nd quarter. True Wealth Design LLC now owns 1,163 shares of the company’s stock worth $61,000 after purchasing an additional 328 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Concentrix by 26.4% in the 3rd quarter. Clearstead Advisors LLC now owns 1,650 shares of the company’s stock worth $76,000 after buying an additional 345 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Concentrix by 23.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,818 shares of the company’s stock valued at $96,000 after buying an additional 351 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.

About Concentrix

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.