Herald Investment Management Ltd Increases Stock Position in CI&T Inc. $CINT

Herald Investment Management Ltd lifted its stake in CI&T Inc. (NYSE:CINT) by 26.8% in the second quarter, HoldingsChannel.com reports. The fund owned 450,000 shares of the company’s stock after purchasing an additional 95,000 shares during the period. Herald Investment Management Ltd’s holdings in CI&T were worth $2,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in CI&T in the first quarter worth approximately $62,000. Walleye Capital LLC purchased a new stake in CI&T during the 1st quarter valued at $103,000. Cubist Systematic Strategies LLC lifted its holdings in shares of CI&T by 93.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock valued at $217,000 after buying an additional 17,601 shares during the period. Two Sigma Investments LP bought a new position in shares of CI&T during the 4th quarter valued at $111,000. Finally, Jane Street Group LLC purchased a new position in shares of CI&T in the 1st quarter worth $163,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Stock Down 0.7%

NYSE CINT opened at $4.86 on Monday. CI&T Inc. has a 52 week low of $4.42 and a 52 week high of $8.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $653.87 million, a P/E ratio of 20.23 and a beta of 1.15. The stock’s 50-day moving average price is $5.29 and its 200-day moving average price is $5.59.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 7.27% and a return on equity of 11.34%. The company had revenue of $116.32 million during the quarter, compared to the consensus estimate of $659.84 million. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that CI&T Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CINT has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $8.00 price objective (down previously from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of CI&T in a research note on Saturday, September 27th. UBS Group reduced their price target on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.80.

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.