CI&T (NYSE:CINT) Sees Large Volume Increase

CI&T Inc. (NYSE:CINT) saw unusually-high trading volume on Friday . Approximately 55,942 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 104,448 shares.The stock last traded at $4.39 and had previously closed at $3.95.

Analyst Upgrades and Downgrades

CINT has been the topic of several analyst reports. UBS Group initiated coverage on shares of CI&T in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price on the stock. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their target price for the stock from $5.00 to $6.00 in a research note on Thursday. Citigroup decreased their target price on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their target price for the stock from $5.00 to $6.00 in a research note on Thursday. Finally, Wedbush began coverage on shares of CI&T in a research note on Friday. They issued an “outperform” rating and a $5.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.37.

CI&T Trading Up 15.7 %

The firm has a market cap of $614.25 million, a P/E ratio of 21.89 and a beta of 1.03. The firm’s fifty day moving average is $4.03 and its two-hundred day moving average is $4.56. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 6.03% and a return on equity of 14.12%. The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. Analysts predict that CI&T Inc. will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. increased its position in shares of CI&T by 168.7% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Herald Investment Management Ltd purchased a new stake in shares of CI&T during the 3rd quarter valued at about $2,304,000. WCM Investment Management LLC increased its position in shares of CI&T by 4.4% during the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after purchasing an additional 58,489 shares during the last quarter. Banco BTG Pactual S.A. increased its position in shares of CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

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.