Bank of Montreal Can Sells 166,750 Shares of CI&T Inc. (NYSE:CINT)

Bank of Montreal Can decreased its holdings in shares of CI&T Inc. (NYSE:CINT - Free Report) by 23.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,655 shares of the company's stock after selling 166,750 shares during the quarter. Bank of Montreal Can owned approximately 0.41% of CI&T worth $3,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GSA Capital Partners LLP increased its stake in shares of 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 purchasing an additional 2,995 shares during the period. XTX Topco Ltd acquired a new position in shares of CI&T during the second quarter valued at approximately $76,000. Marshall Wace LLP increased its stake in shares of CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock valued at $479,000 after acquiring an additional 65,457 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of CI&T during the second quarter valued at approximately $2,264,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of CI&T by 101.1% during the second 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. Institutional investors and hedge funds own 92.45% of the company's stock.

CI&T Trading Up 0.1 %

Shares of CINT traded up $0.01 on Wednesday, reaching $6.69. 53,962 shares of the company's stock were exchanged, compared to its average volume of 93,413. The stock has a market capitalization of $899.20 million, a P/E ratio of 51.47 and a beta of 1.14. The business has a 50 day moving average price of $6.89 and a two-hundred day moving average price of $6.18. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. CI&T Inc. has a 12 month low of $3.34 and a 12 month high of $8.04.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Itau BBA Securities upgraded shares of CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research report on Friday, August 16th. Citigroup raised their price target on shares of CI&T from $6.00 to $8.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Canaccord Genuity Group raised their price target on shares of CI&T from $9.00 to $10.00 and gave the company a "buy" rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their price target on shares of CI&T from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group initiated coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $7.30 price target on the stock. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CI&T currently has an average rating of "Moderate Buy" and an average price target of $7.11.

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.