Marshall Wace LLP Purchases 65,457 Shares of CI&T Inc. (NYSE:CINT)

Marshall Wace LLP increased its holdings in CI&T Inc. (NYSE:CINT) by 245.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,114 shares of the company’s stock after acquiring an additional 65,457 shares during the period. Marshall Wace LLP owned about 0.07% of CI&T worth $479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in CI&T during the second quarter valued at about $2,264,000. XTX Topco Ltd purchased a new position in CI&T in the second quarter valued at about $76,000. BW Gestao de Investimentos Ltda. grew its position in shares of CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after acquiring an additional 1,073,302 shares during the period. Finally, Banco BTG Pactual S.A. raised its holdings in shares of CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after purchasing an additional 10,000 shares during the period. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Stock Up 0.7 %

Shares of NYSE:CINT opened at $7.17 on Thursday. The firm has a market capitalization of $963.73 million, a PE ratio of 39.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 1.80. CI&T Inc. has a 52-week low of $3.34 and a 52-week high of $8.04. The firm has a fifty day moving average of $6.77 and a 200 day moving average of $5.38.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $100.45 million for the quarter, compared to the consensus estimate of $104.75 million. CI&T had a net margin of 4.97% and a return on equity of 10.93%. As a group, research analysts anticipate that CI&T Inc. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CINT. Canaccord Genuity Group increased their price objective on CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective on the stock. Citigroup lifted their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CI&T has a consensus rating of “Moderate Buy” and an average price target of $7.00.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.