BW Gestao de Investimentos Ltda. Has $8.18 Million Stock Position in CI&T Inc. $CINT

BW Gestao de Investimentos Ltda. trimmed its stake in CI&T Inc. (NYSE:CINT) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010,665 shares of the company’s stock after selling 442,012 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in CI&T were worth $8,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CINT. Royce & Associates LP purchased a new stake in shares of CI&T in the third quarter worth approximately $2,696,000. Marshall Wace LLP raised its position in CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after acquiring an additional 180,800 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after acquiring an additional 62,688 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in CI&T during the third quarter valued at approximately $309,000. Finally, Merit Financial Group LLC bought a new position in CI&T during the fourth quarter valued at approximately $204,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINT has been the topic of several recent research reports. UBS Group raised their price objective on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday. Canaccord Genuity Group increased their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. decreased their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CI&T presently has an average rating of “Moderate Buy” and a consensus target price of $6.80.

CI&T Stock Up 13.3%

Shares of NYSE CINT opened at $4.13 on Tuesday. The firm’s 50-day simple moving average is $4.29 and its 200 day simple moving average is $4.59. The company has a market cap of $555.14 million, a price-to-earnings ratio of 13.31 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. CI&T Inc. has a 12-month low of $3.16 and a 12-month high of $6.14.

CI&T (NYSE:CINT) last issued its quarterly 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 return on equity of 13.19% and a net margin of 7.90%. On average, research analysts expect that CI&T Inc. will post 0.36 earnings per share for the current fiscal year.

About CI&T

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.