Concentrix (NASDAQ:CNXC) Price Target Lowered to $55.00 at Canaccord Genuity Group

Concentrix (NASDAQ:CNXC) had its target price lowered by Canaccord Genuity Group from $80.00 to $55.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on CNXC. Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Barrington Research reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Concentrix in a report on Tuesday, March 17th. Finally, Robert W. Baird cut their target price on shares of Concentrix from $52.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.50.

Concentrix Trading Down 6.8%

NASDAQ:CNXC opened at $24.67 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.40 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $1.51 billion, a PE ratio of -1.14, a price-to-earnings-growth ratio of 0.28 and a beta of 0.50. The firm’s 50 day moving average is $35.01 and its 200 day moving average is $40.22. Concentrix has a 12 month low of $24.27 and a 12 month high of $66.00.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.04). Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the company posted $2.79 earnings per share. Concentrix’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts expect that Concentrix will post 10.11 earnings per share for the current year.

Concentrix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, April 24th. Concentrix’s payout ratio is presently -6.91%.

Insider Transactions at Concentrix

In related news, CEO Christopher A. Caldwell bought 1,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $37.07 per share, for a total transaction of $37,070.00. Following the purchase, the chief executive officer directly owned 362,075 shares in the company, valued at $13,422,120.25. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Concentrix

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank grew its stake in Concentrix by 6,011.1% during the third quarter. Huntington National Bank now owns 550 shares of the company’s stock valued at $25,000 after acquiring an additional 541 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after purchasing an additional 522 shares in the last quarter. Quent Capital LLC purchased a new stake in Concentrix in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC boosted its holdings in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after purchasing an additional 479 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in Concentrix by 14,980.0% in the 3rd quarter. Rothschild Investment LLC now owns 754 shares of the company’s stock valued at $35,000 after purchasing an additional 749 shares during the period. 90.34% of the stock is currently owned by institutional investors.

Concentrix News Roundup

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Revenue and business momentum — Q1 revenue rose 5.4% year-over-year and management cites strong enterprise iX Suite wins and continued AI adoption, showing demand for Concentrix’s higher-value solutions. GlobeNewswire: Q1 Results
• Positive Sentiment: Capital return actions — the company declared a $0.36 quarterly dividend (≈5.3% yield) and repurchased ~1M shares in Q1, supporting shareholder income and signaling confidence in the business. Dividend & buyback detail
• Neutral Sentiment: Company guidance maintained full-year revenue and non-GAAP EPS ranges, but Q2 guidance implies modest constant‑currency growth and lower near-term margins — investors are parsing the recovery timeline. See management’s outlook in the release. Guidance
• Neutral Sentiment: Analyst activity is mixed: several firms trimmed price targets but left buy/outperform ratings, creating dispersion in street expectations (see Benzinga summaries). Analyst PT changes
• Negative Sentiment: Margin compression and EPS miss — Q1 non-GAAP operating margin fell ~180–240 bps and GAAP EPS missed estimates; operating income and net income declined sharply (operating income down ~30%, net income down ~69%), which directly pressured the stock. Yahoo: Margin squeeze story
• Negative Sentiment: Cash-flow and leverage concerns — Q1 used cash from operations and adjusted free cash flow was negative; debt-related costs and recent early note redemption added charges. Analysts warn high leverage and negative near‑term FCF increase execution risk. QuiverQuant: cash flow & earnings detail
• Negative Sentiment: Analyst skepticism and downgrades — independent pieces and at least one downgrade argue the transition to AI-driven services is complex and costly, keeping a “hold” view until margins and cash flow recover in H2 2026. That contributed to selling pressure. Seeking Alpha: Downgrade
• Neutral Sentiment: Market data oddities — multiple short‑interest notices in feeds appear inconsistent (zero reported shares), so short‑interest signals are not reliable for today’s move. (Data sources cited in news entries.)

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.