Royce & Associates LP Grows Position in CI&T Inc. $CINT

Royce & Associates LP lifted its holdings in shares of CI&T Inc. (NYSE:CINT) by 69.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 888,221 shares of the company’s stock after acquiring an additional 364,696 shares during the quarter. Royce & Associates LP’s holdings in CI&T were worth $3,615,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of CI&T during the 3rd quarter worth $56,000. Wedbush Securities Inc. purchased a new position in shares of CI&T during the 3rd quarter worth $58,000. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares during the period. Centiva Capital LP purchased a new position in shares of CI&T during the 3rd quarter worth $72,000. Finally, Squarepoint Ops LLC purchased a new position in shares of CI&T during the 3rd quarter worth $111,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Price Performance

CINT opened at $3.66 on Friday. The stock’s 50-day moving average price is $4.31 and its 200 day moving average price is $4.59. CI&T Inc. has a 12-month low of $3.16 and a 12-month high of $6.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. The firm has a market cap of $491.89 million, a price-to-earnings ratio of 11.79 and a beta of 0.85.

CI&T (NYSE:CINT) last posted its 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%. As a group, sell-side analysts expect that CI&T Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CINT. Canaccord Genuity Group increased their price target on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Weiss Ratings cut CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wedbush lowered their price target on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. 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 note on Wednesday, February 18th. Finally, UBS Group increased their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.80.

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.