Goldman Sachs Group Inc. Boosts Position in CI&T Inc. $CINT

Key Points

• Goldman Sachs Group Inc. increased its stake in CI&T Inc. by 551.2% during Q1, acquiring a total of 74,061 shares valued at approximately $442,000.
• CI&T recently reported earnings of $0.07 per share, surpassing analyst estimates, while the company had a revenue of $116.32 million for the quarter.
• Analysts have mixed ratings for CI&T, with a consensus rating of "Buy" and an average price target of $7.80, down from previous estimates.

Goldman Sachs Group Inc. lifted its stake in shares of CI&T Inc. (NYSE:CINT - Free Report) by 551.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,061 shares of the company's stock after acquiring an additional 62,688 shares during the period. Goldman Sachs Group Inc. owned 0.05% of CI&T worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CINT. Hsbc Holdings PLC acquired a new position in CI&T in the 1st quarter valued at about $62,000. Walleye Capital LLC purchased a new stake in CI&T in the first quarter valued at approximately $103,000. Cubist Systematic Strategies LLC lifted its stake in CI&T by 93.8% in the first 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 last quarter. Two Sigma Investments LP purchased a new stake in shares of CI&T during the fourth quarter worth approximately $111,000. Finally, Jane Street Group LLC purchased a new stake in shares of CI&T during the first quarter worth approximately $163,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Trading Down 1.5%

NYSE:CINT opened at $5.20 on Friday. CI&T Inc. has a 12-month low of $4.42 and a 12-month high of $8.00. The firm has a market capitalization of $700.34 million, a P/E ratio of 21.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $5.33 and a 200 day simple moving average of $5.65.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company 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. Equities research analysts predict that CI&T Inc. will post 0.2 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group cut their price objective on CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a research report on Tuesday, July 22nd. Canaccord Genuity Group reaffirmed a "buy" rating and set a $8.00 price objective (down previously from $10.00) on shares of CI&T in a research note on Thursday, June 26th. Finally, Wall Street Zen raised 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 given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, CI&T currently has a consensus rating of "Buy" and an average price target of $7.80.

About CI&T

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.

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