XTX Topco Ltd Purchases Shares of 14,540 CI&T Inc. (NYSE:CINT)

XTX Topco Ltd acquired a new position in CI&T Inc. (NYSE:CINT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,540 shares of the company’s stock, valued at approximately $76,000.

Separately, Banco BTG Pactual S.A. raised its holdings in CI&T by 23.0% in the 1st 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 during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Up 0.6 %

CINT opened at $6.83 on Wednesday. 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 market capitalization of $918.03 million, a P/E ratio of 37.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80. The firm’s fifty day moving average price is $6.64 and its two-hundred day moving average price is $5.26.

CI&T (NYSE:CINT) last posted its earnings results on Friday, August 16th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. CI&T had a net margin of 4.97% and a return on equity of 10.93%. On average, analysts anticipate that CI&T Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

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

About CI&T

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.