State Street Corp Buys 15,083 Shares of CI&T Inc. (NYSE:CINT)

State Street Corp raised its stake in CI&T Inc. (NYSE:CINT) by 28.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,380 shares of the company’s stock after acquiring an additional 15,083 shares during the period. State Street Corp owned approximately 0.05% of CI&T worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CINT. XTX Topco Ltd bought a new stake in CI&T during the 2nd quarter valued at about $76,000. GSA Capital Partners LLP grew its holdings in shares of CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares during the last quarter. Marshall Wace LLP increased its position in shares of 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 acquiring an additional 65,457 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in CI&T in the 2nd quarter worth approximately $2,264,000. 92.45% of the stock is currently owned by institutional investors.

CI&T Price Performance

NYSE CINT opened at $6.32 on Friday. The business’s fifty day moving average is $6.56 and its 200 day moving average is $6.44. CI&T Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $849.48 million, a PE ratio of 48.62 and a beta of 1.14.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Canaccord Genuity Group lifted their price objective on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. UBS Group upped their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price target for the company. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CI&T currently has an average rating of “Moderate Buy” and a consensus target price of $7.68.

CI&T 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.