Aberdeen Group plc Lowers Stock Holdings in CI&T Inc. $CINT

Aberdeen Group plc cut its stake in shares of CI&T Inc. (NYSE:CINT) by 37.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305,687 shares of the company’s stock after selling 186,930 shares during the quarter. Aberdeen Group plc owned approximately 0.23% of CI&T worth $1,608,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wedbush Securities Inc. bought a new stake in CI&T during the 3rd quarter valued at $58,000. Russell Investments Group Ltd. increased its stake in shares of CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the period. Nipun Capital L.P. purchased a new position in shares of CI&T during the second quarter valued at $111,000. Jane Street Group LLC bought a new stake in shares of CI&T in the first quarter valued at about $163,000. Finally, Jump Financial LLC purchased a new stake in CI&T in the second quarter worth about $185,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Stock Performance

Shares of CINT stock opened at $4.92 on Friday. CI&T Inc. has a 12-month low of $3.98 and a 12-month high of $7.50. The business’s fifty day simple moving average is $4.72 and its 200-day simple moving average is $4.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. The company has a market cap of $662.37 million, a PE ratio of 18.22 and a beta of 1.16.

Analyst Ratings Changes

A number of research firms have commented on CINT. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. UBS Group set a $7.00 price objective on shares of CI&T and gave the company a “buy” rating in a report on Wednesday, January 14th. Zacks Research lowered CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. dropped their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

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.