WCM Investment Management LLC Acquires 45,574 Shares of CI&T Inc. (NYSE:CINT)

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

Several other hedge funds also recently bought and sold shares of CINT. State Street Corp boosted its stake 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 purchasing an additional 15,083 shares during the period. GSA Capital Partners LLP lifted its holdings in CI&T by 12.5% during the 3rd 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. Verde Servicos Internacionais S.A. purchased a new stake in CI&T in the 4th quarter valued at about $152,000. Finally, Virtu Financial LLC bought a new position in CI&T in the 3rd quarter worth about $108,000. Institutional investors own 92.45% of the company’s stock.

CI&T Trading Up 4.4 %

Shares of NYSE:CINT opened at $7.59 on Monday. The company has a market capitalization of $1.02 billion, a PE ratio of 58.39 and a beta of 1.19. 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. The business’s fifty day simple moving average is $6.45 and its 200-day simple moving average is $6.67.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They set a “buy” rating and a $9.00 price target for the company. Canaccord Genuity Group lifted their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. UBS Group upped their target price on CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Wedbush upgraded CI&T to a “strong-buy” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T 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.