Aberdeen Group plc Buys 210,370 Shares of CI&T Inc. $CINT

Aberdeen Group plc lifted its stake in shares of CI&T Inc. (NYSE:CINT) by 74.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 492,617 shares of the company’s stock after purchasing an additional 210,370 shares during the quarter. Aberdeen Group plc’s holdings in CI&T were worth $2,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CINT. Herald Investment Management Ltd grew its stake in CI&T by 26.8% during the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock worth $2,682,000 after buying an additional 95,000 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after buying an additional 62,688 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after acquiring an additional 29,200 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of CI&T during the 1st quarter worth approximately $163,000. Finally, Cubist Systematic Strategies LLC increased its stake in CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after acquiring an additional 17,601 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CINT. Weiss Ratings restated a “hold (c)” rating on shares of CI&T in a research note on Wednesday, October 8th. UBS Group dropped their price objective on CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Tuesday, July 22nd. Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $8.00 target price on shares of CI&T in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CI&T has an average rating of “Moderate Buy” and a consensus price target of $7.80.

CI&T Stock Up 1.2%

NYSE:CINT opened at $4.22 on Friday. CI&T Inc. has a one year low of $3.98 and a one year high of $8.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $568.35 million, a PE ratio of 17.58 and a beta of 1.15. The firm’s 50 day simple moving average is $5.08 and its 200 day simple moving average is $5.48.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $116.32 million during the quarter, compared to analysts’ expectations of $659.84 million. CI&T had a return on equity of 11.34% and a net margin of 7.27%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current year.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.