500,182 Shares in CI&T Inc. (NYSE:CINT) Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new position in shares of CI&T Inc. (NYSE:CINT) in the 4th quarter, HoldingsChannel reports. The fund acquired 500,182 shares of the company’s stock, valued at approximately $3,036,000.

Several other large investors have also modified their holdings of CINT. State Street Corp boosted its holdings in CI&T by 28.8% in the 3rd 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 during the period. WCM Investment Management LLC boosted its holdings in CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company’s stock valued at $8,747,000 after purchasing an additional 45,574 shares during the period. GSA Capital Partners LLP boosted its holdings in CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares during the period. Virtu Financial LLC bought a new stake in CI&T in the 3rd quarter valued at $108,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in CI&T in the 4th quarter valued at $152,000. 92.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

CINT has been the subject of a number of recent research reports. Canaccord Genuity Group restated a “buy” rating and issued a $10.00 price objective on shares of CI&T in a research note on Monday. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. UBS Group increased their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Wedbush set a $9.00 price objective on shares of CI&T in a research note on Monday, February 3rd. Four investment 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.37.

CI&T Price Performance

Shares of CINT opened at $6.41 on Thursday. The firm has a market capitalization of $861.58 million, a PE ratio of 49.31 and a beta of 1.18. The company’s 50-day moving average is $6.83 and its 200-day moving average is $6.75. CI&T Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

CI&T (NYSE:CINT) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The business had revenue of $112.34 million during the quarter, compared to analyst estimates of $646.68 million. Equities analysts forecast that CI&T Inc. will post 0.2 EPS for the current year.

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.