435,455 Shares in CI&T Inc. (NYSE:CINT) Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new stake in CI&T Inc. (NYSE:CINT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 435,455 shares of the company’s stock, valued at approximately $2,264,000. Itau Unibanco Holding S.A. owned approximately 0.32% of CI&T at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. lifted its holdings in shares of CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after buying an additional 1,073,302 shares during the last quarter. WCM Investment Management LLC raised its position in CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after acquiring an additional 58,489 shares in the last quarter. XTX Topco Ltd acquired a new stake in CI&T in the second quarter valued at approximately $76,000. Finally, Banco BTG Pactual S.A. grew its position in CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after acquiring an additional 10,000 shares in the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CINT has been the topic of a number of recent research reports. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a report on Friday, August 16th. Canaccord Genuity Group raised their target price on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Citigroup increased their price objective on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, The Goldman Sachs Group began coverage on CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price for the company. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.00.

CI&T Price Performance

NYSE CINT opened at $6.59 on Friday. The stock has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $5.12. CI&T Inc. has a twelve month low of $3.34 and a twelve month high of $8.04. The stock has a market capitalization of $885.78 million, a PE ratio of 36.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The business had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. Research analysts anticipate that CI&T Inc. will post 0.2 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.