Concentrix (NASDAQ:CNXC) Stock Rating Lowered by Wall Street Zen

Concentrix (NASDAQ:CNXC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

CNXC has been the subject of several other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Concentrix in a research note on Tuesday, September 23rd. Weiss Ratings upgraded Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 8th. Robert W. Baird set a $52.00 price target on Concentrix in a research note on Wednesday. Finally, Barrington Research reissued an “outperform” rating and set a $62.00 price objective on shares of Concentrix in a report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.75.

Concentrix Stock Performance

Shares of CNXC stock opened at $43.15 on Friday. Concentrix has a fifty-two week low of $31.63 and a fifty-two week high of $66.00. The stock’s 50-day moving average is $38.78 and its two-hundred day moving average is $46.41. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.56. The firm has a market cap of $2.69 billion, a P/E ratio of -2.07, a PEG ratio of 0.48 and a beta of 0.48.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business posted $3.26 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. Analysts predict that Concentrix will post 10.11 earnings per share for the current fiscal year.

Insider Transactions at Concentrix

In other Concentrix news, CEO Christopher A. Caldwell purchased 1,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $40.00 per share, with a total value of $40,000.00. Following the transaction, the chief executive officer directly owned 287,661 shares in the company, valued at approximately $11,506,440. This represents a 0.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Concentrix

Several hedge funds have recently modified their holdings of CNXC. Envestnet Asset Management Inc. lifted its holdings in shares of Concentrix by 32.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 220,030 shares of the company’s stock worth $11,630,000 after acquiring an additional 54,449 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Concentrix in the third quarter valued at about $9,627,000. Brandywine Global Investment Management LLC acquired a new position in Concentrix in the second quarter worth about $5,942,000. Natixis bought a new position in Concentrix during the second quarter worth about $1,872,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Concentrix by 247.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 535,843 shares of the company’s stock worth $28,322,000 after purchasing an additional 381,497 shares during the period. 90.34% of the stock is owned by institutional investors.

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.