Aberdeen Group plc Buys New Shares in CI&T Inc. $CINT

Key Points

• Aberdeen Group plc purchased 282,247 shares of CI&T Inc. valued at approximately $1.68 million, marking a new investment position in the company.
• Analysts have a consensus rating of "Moderate Buy" for CI&T, with an average target price of $7.73, reflecting positive sentiment from several brokerages.
• The company's last quarterly earnings report revealed an EPS of $0.07, exceeding expectations and indicating a strong performance despite lower-than-expected revenues.

Aberdeen Group plc bought a new position in shares of CI&T Inc. (NYSE:CINT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 282,247 shares of the company's stock, valued at approximately $1,681,000. Aberdeen Group plc owned approximately 0.21% of CI&T as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $114,000 after purchasing an additional 8,459 shares in the last quarter. Stifel Financial Corp purchased a new stake in CI&T during the fourth quarter worth $68,000. Two Sigma Investments LP purchased a new stake in CI&T during the fourth quarter worth $111,000. Marshall Wace LLP boosted its position in CI&T by 134.4% during the fourth quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock worth $535,000 after purchasing an additional 50,543 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CI&T by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock worth $678,000 after purchasing an additional 58,500 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a "buy" rating and set a $8.00 target price (down from $10.00) on shares of CI&T in a research report on Thursday, June 26th. Cowen reissued a "buy" rating on shares of CI&T in a report on Wednesday, May 14th. Wall Street Zen raised CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. UBS Group cut their price target on CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price target for the company in a report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.73.

CI&T Trading Up 4.7%

CI&T stock traded up $0.24 during trading on Wednesday, hitting $5.42. The company's stock had a trading volume of 174,224 shares, compared to its average volume of 139,016. The stock has a market capitalization of $730.10 million, a price-to-earnings ratio of 22.59 and a beta of 1.17. The stock's fifty day moving average is $5.54 and its 200 day moving average is $5.92. CI&T Inc. has a 1-year low of $4.42 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 1.49.

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

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.