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

Bank of New York Mellon Corp purchased a new position in shares of CI&T Inc. (NYSE:CINT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 500,182 shares of the company's stock, valued at approximately $3,036,000. Bank of New York Mellon Corp owned approximately 0.37% of CI&T at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of CI&T during the 3rd quarter worth approximately $108,000. Verde Servicos Internacionais S.A. acquired a new stake in CI&T in the fourth quarter valued at approximately $152,000. GSA Capital Partners LLP boosted its position in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company's stock valued at $183,000 after buying an additional 2,995 shares in the last quarter. State Street Corp boosted its position in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company's stock valued at $458,000 after buying an additional 15,083 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in CI&T by 3.2% in the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock valued at $8,747,000 after buying an additional 45,574 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group raised their target price on shares of CI&T from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Wedbush set a $9.00 target price on shares of CI&T in a research report on Monday, February 3rd. Canaccord Genuity Group restated a "buy" rating and issued a $10.00 target price on shares of CI&T in a research report on Monday, March 17th. Finally, TD Cowen assumed coverage on shares of CI&T in a research report on Friday, December 6th. They issued a "buy" rating and a $9.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CI&T has a consensus rating of "Moderate Buy" and an average price target of $8.37.

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CI&T Trading Down 0.8 %

Shares of CINT stock traded down $0.05 during trading hours on Friday, hitting $6.18. 41,700 shares of the company's stock traded hands, compared to its average volume of 93,061. The stock's 50 day simple moving average is $6.83 and its 200 day simple moving average is $6.74. The stock has a market cap of $830.40 million, a PE ratio of 47.53 and a beta of 1.18. CI&T Inc. has a 12 month low of $3.34 and a 12 month high of $8.04. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share (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 for the quarter, compared to the consensus estimate of $646.68 million. On average, sell-side analysts anticipate 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.