Stifel Financial Corp Takes Position in CI&T Inc. (NYSE:CINT)

Stifel Financial Corp bought a new position in shares of CI&T Inc. (NYSE:CINT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,160 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also modified their holdings of CINT. Verde Servicos Internacionais S.A. acquired a new position in CI&T in the fourth quarter valued at approximately $152,000. WCM Investment Management LLC increased its position in shares of CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after buying an additional 45,574 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of CI&T during the fourth quarter valued at $3,036,000. Renaissance Technologies LLC boosted its stake in CI&T by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 111,700 shares of the company’s stock worth $678,000 after buying an additional 58,500 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in CI&T by 134.4% in the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock worth $535,000 after buying an additional 50,543 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Trading Down 4.5%

Shares of NYSE:CINT opened at $6.15 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market cap of $828.02 million, a PE ratio of 47.30 and a beta of 1.24. The business has a 50 day moving average of $5.71 and a 200-day moving average of $6.36. CI&T Inc. has a 12-month low of $3.34 and a 12-month high of $8.04.

CI&T (NYSE:CINT) last announced its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $110.88 million for the quarter, compared to the consensus estimate of $111.48 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts forecast that CI&T Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CINT has been the topic of several recent research reports. Wedbush set a $9.00 price target on CI&T in a research report on Monday, February 3rd. Citigroup assumed coverage on CI&T in a research report on Friday, April 25th. They set a “buy” rating and a $7.00 price target for the company. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 target price on shares of CI&T in a research report on Monday, March 17th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.26.

About CI&T

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.