WCM Investment Management LLC Raises Stake in CI&T Inc. (NYSE:CINT)

WCM Investment Management LLC boosted its position in CI&T Inc. (NYSE:CINT - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,448,203 shares of the company's stock after acquiring an additional 45,574 shares during the period. WCM Investment Management LLC owned 1.08% of CI&T worth $8,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Verde Servicos Internacionais S.A. bought a new stake in shares of CI&T during the fourth quarter valued at about $152,000. Virtu Financial LLC bought a new stake in shares of CI&T during the third quarter valued at about $108,000. State Street Corp increased its position in shares of CI&T by 28.8% during 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 during the period. Finally, GSA Capital Partners LLP increased its position in shares of CI&T by 12.5% during 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 during the period. 92.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CINT shares. UBS Group upped their price target on CI&T from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. TD Cowen started coverage on CI&T in a research report on Friday, December 6th. They set a "buy" rating and a $9.00 price target on the stock. Wedbush upgraded CI&T to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Canaccord Genuity Group upped their price target on CI&T from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CI&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.92.

CI&T Price Performance

Shares of NYSE CINT traded down $0.02 during midday trading on Thursday, hitting $7.29. 184,035 shares of the company's stock were exchanged, compared to its average volume of 102,170. CI&T Inc. has a 12-month low of $3.34 and a 12-month high of $8.04. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $979.18 million, a price-to-earnings ratio of 56.04 and a beta of 1.19. The business's fifty day moving average price is $6.50 and its two-hundred day moving average price is $6.69.

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.