Royce & Associates LP lifted its holdings in shares of CI&T Inc. (NYSE:CINT – Free Report) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 888,221 shares of the company’s stock after buying an additional 364,696 shares during the quarter. Royce & Associates LP owned approximately 0.66% of CI&T worth $3,615,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wedbush Securities Inc. acquired a new position in shares of CI&T during the 3rd quarter worth approximately $58,000. Lingohr Asset Management GmbH acquired a new position in shares of CI&T during the 3rd quarter worth approximately $235,000. Lazard Asset Management LLC raised its stake in CI&T by 52,926.9% in the 2nd quarter. Lazard Asset Management LLC now owns 41,361 shares of the company’s stock valued at $246,000 after purchasing an additional 41,283 shares during the last quarter. Jane Street Group LLC raised its stake in CI&T by 180.1% in the 2nd quarter. Jane Street Group LLC now owns 76,553 shares of the company’s stock valued at $457,000 after purchasing an additional 49,219 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its stake in CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after purchasing an additional 242,811 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on CINT shares. Canaccord Genuity Group increased their price objective on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wedbush reduced their price objective on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings downgraded CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. UBS Group increased their price objective on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised CI&T from a “hold” rating to a “buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus price target of $6.80.
CI&T Stock Up 4.4%
Shares of NYSE:CINT opened at $3.66 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.59. The stock has a market cap of $491.89 million, a P/E ratio of 11.79 and a beta of 0.85. CI&T Inc. has a 52-week low of $3.16 and a 52-week high of $6.30.
CI&T (NYSE:CINT – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, research analysts expect that CI&T Inc. will post 0.36 earnings per share for the current year.
CI&T Profile
CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.
Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.
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