CI&T (NYSE:CINT) Shares Down 3.5%

CI&T Inc. (NYSE:CINT)’s share price traded down 3.5% during trading on Wednesday . The stock traded as low as $4.69 and last traded at $4.73. 67,389 shares were traded during trading, a decline of 39% from the average session volume of 110,833 shares. The stock had previously closed at $4.90.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Thursday, May 23rd. UBS Group started coverage on CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price target on the stock. Wedbush started coverage on CI&T in a research report on Friday, May 24th. They set an “outperform” rating and a $5.00 price target on the stock. Canaccord Genuity Group upgraded CI&T from a “hold” rating to a “buy” rating and raised their price target for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, Citigroup reduced their price target on CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus target price of $5.37.

CI&T Trading Up 2.7 %

The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $4.49. The firm has a market cap of $657.26 million, a PE ratio of 27.78 and a beta of 1.09.

CI&T (NYSE:CINT) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. CI&T had a return on equity of 14.03% and a net margin of 6.03%. The business had revenue of $105.74 million during the quarter, compared to analysts’ expectations of $103.88 million. Equities analysts forecast that CI&T Inc. will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC lifted its stake in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after purchasing an additional 58,489 shares during the period. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after purchasing an additional 666,212 shares during the period. Herald Investment Management Ltd purchased a new position in shares of CI&T in the 3rd quarter valued at approximately $2,304,000. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares during the period. Finally, Banco BTG Pactual S.A. lifted its stake in shares of CI&T by 23.0% in the 1st 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 period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.