CI&T Inc. (NYSE:CINT) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its holdings in CI&T Inc. (NYSE:CINT) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,402,629 shares of the company’s stock after selling 12,190 shares during the quarter. WCM Investment Management LLC owned about 1.04% of CI&T worth $9,846,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CINT. Banco BTG Pactual S.A. lifted its stake in CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its holdings in shares of CI&T by 101.1% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after purchasing an additional 1,073,302 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of CI&T in the 2nd quarter valued at $76,000. Itau Unibanco Holding S.A. purchased a new position in CI&T in the 2nd quarter worth about $2,264,000. Finally, Marshall Wace LLP lifted its stake in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after buying an additional 65,457 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CINT. Citigroup boosted their price target on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Canaccord Genuity Group lifted their price target on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. upped their target price on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, The Goldman Sachs Group began coverage on shares of CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 target price for the company. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CI&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

CI&T Trading Up 0.6 %

Shares of CINT stock opened at $6.94 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $6.90 and its two-hundred day moving average is $5.83. The company has a market cap of $932.81 million, a PE ratio of 49.57 and a beta of 1.16. CI&T Inc. has a 12 month low of $3.34 and a 12 month high of $8.04.

CI&T (NYSE:CINT) last released its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CI&T had a net margin of 4.97% and a return on equity of 10.93%. The firm had revenue of $100.45 million for the quarter, compared to the consensus estimate of $104.75 million. Equities analysts predict that CI&T Inc. will post 0.21 EPS for the current year.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.