BW Gestao de Investimentos Ltda. Reduces Stock Position in CI&T Inc. $CINT

BW Gestao de Investimentos Ltda. cut its holdings in CI&T Inc. (NYSE:CINT) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,452,677 shares of the company’s stock after selling 429,973 shares during the quarter. BW Gestao de Investimentos Ltda. owned approximately 1.82% of CI&T worth $12,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new stake in CI&T in the 3rd quarter worth approximately $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. bought a new position in shares of CI&T during the second quarter valued at approximately $111,000. Jane Street Group LLC bought a new position in shares of CI&T during the first quarter valued at approximately $163,000. Finally, Jump Financial LLC purchased a new stake in CI&T in the second quarter worth $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 $5.00 on Tuesday. The company’s fifty day moving average price is $4.81 and its 200-day moving average price is $4.80. The stock has a market cap of $673.40 million, a PE ratio of 18.52 and a beta of 1.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. CI&T Inc. has a 12 month low of $3.98 and a 12 month high of $7.09.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group set a $7.00 price objective on shares of CI&T and gave the company a “buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings raised shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Finally, Canaccord Genuity Group lowered their price objective on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.50.

CI&T Company Profile

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.