Arrowstreet Capital Limited Partnership Has $395,000 Holdings in CI&T Inc. (NYSE:CINT)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of CI&T Inc. (NYSE:CINT) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,069 shares of the company’s stock after selling 9,119 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in CI&T were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CINT. State Street Corp grew its stake in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares in the last quarter. Virtu Financial LLC bought a new position in shares of CI&T in the third quarter valued at $108,000. Verde Servicos Internacionais S.A. acquired a new position in CI&T during the fourth quarter worth $152,000. WCM Investment Management LLC raised its position in CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock worth $8,747,000 after acquiring an additional 45,574 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in CI&T in the fourth quarter valued at $3,036,000. Institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

CI&T stock opened at $4.82 on Monday. The company has a market capitalization of $649.30 million, a price-to-earnings ratio of 37.09 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T Inc. has a 12 month low of $3.34 and a 12 month high of $8.04. The stock’s 50 day moving average is $6.47 and its 200-day moving average is $6.59.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36). The firm had revenue of $112.34 million during the quarter, compared to analyst estimates of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. Equities research analysts expect that CI&T Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wedbush set a $9.00 price objective on shares of CI&T in a research note on Monday, February 3rd. Canaccord Genuity Group reissued a “buy” rating and set a $10.00 price target on shares of CI&T in a research report on Monday, March 17th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.37.

CI&T Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.