Royce & Associates LP Invests $2.70 Million in CI&T Inc. $CINT

Royce & Associates LP purchased a new position in shares of CI&T Inc. (NYSE:CINT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 523,525 shares of the company’s stock, valued at approximately $2,696,000.

A number of other hedge funds have also added to or reduced their stakes in CINT. Cubist Systematic Strategies LLC raised its position in CI&T by 93.8% during the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after purchasing an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after purchasing an additional 62,688 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CI&T during the 1st quarter worth $163,000. Acadian Asset Management LLC raised its holdings in shares of CI&T by 47.7% during the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after buying an additional 29,200 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of CI&T during the 2nd quarter worth $439,000. 92.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CINT. Zacks Research cut CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group set a $7.00 price target on shares of CI&T and gave the company a “buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a 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. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and an average target price of $6.50.

CI&T Stock Performance

CI&T stock opened at $5.18 on Friday. The business has a 50 day moving average of $4.78 and a 200-day moving average of $4.81. The company has a market capitalization of $697.11 million, a P/E ratio of 19.17 and a beta of 1.15. CI&T Inc. has a 1 year low of $3.98 and a 1 year high of $7.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40.

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.