Two Sigma Investments LP Takes Position in CI&T Inc. (NYSE:CINT)

Two Sigma Investments LP bought a new stake in CI&T Inc. (NYSE:CINT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,240 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of CI&T in the 4th quarter valued at about $3,036,000. BW Gestao de Investimentos Ltda. lifted its stake in CI&T by 20.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company’s stock valued at $16,387,000 after purchasing an additional 464,529 shares during the last quarter. Renaissance Technologies LLC lifted 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 valued at $678,000 after purchasing an additional 58,500 shares during the last quarter. Marshall Wace LLP grew its holdings in CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company’s stock worth $535,000 after purchasing an additional 50,543 shares during the period. Finally, Stifel Financial Corp acquired a new position in CI&T during the fourth quarter worth approximately $68,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Stock Performance

Shares of NYSE CINT opened at $5.88 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $791.93 million, a price-to-earnings ratio of 45.23 and a beta of 1.21. The stock’s fifty day moving average price is $5.70 and its two-hundred day moving average price is $6.26. CI&T Inc. has a one year low of $4.42 and a one year 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 analysts’ consensus estimates of $0.07 by ($0.02). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The business had revenue of $110.88 million during the quarter, compared to the consensus estimate of $111.48 million. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts forecast that CI&T Inc. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

CINT has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th. JPMorgan Chase & Co. upgraded CI&T from a “neutral” rating to an “overweight” rating and set a $7.00 price target on the stock in a research note on Monday, May 19th. Citigroup initiated coverage on shares of CI&T in a research report on Friday, April 25th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Cowen reiterated a “buy” rating on shares of CI&T in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CI&T has an average rating of “Moderate Buy” and an average target price of $8.41.

CI&T Company 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.