Herald Investment Management Ltd Purchases 95,000 Shares of CI&T Inc. $CINT

Key Points

• Herald Investment Management Ltd increased its stake in CI&T Inc. by 26.8% during the second quarter, now holding a total of 450,000 shares valued at approximately $2.68 million.
• Several institutional investors have recently acquired stakes in CI&T, with 92.45% of the stock now owned by such investors, reflecting growing interest in the company.
• CI&T's stock is currently rated with a consensus target price of $7.80 and several analysts have upgraded their ratings, with one analyst giving it a Strong Buy rating.

Herald Investment Management Ltd increased its position in CI&T Inc. (NYSE:CINT - Free Report) by 26.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the company's stock after buying an additional 95,000 shares during the quarter. Herald Investment Management Ltd owned 0.33% of CI&T worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in CI&T during the first quarter valued at about $62,000. Walleye Capital LLC bought a new stake in shares of CI&T in the 1st quarter valued at about $103,000. Two Sigma Investments LP bought a new stake in shares of CI&T in the 4th quarter valued at about $111,000. Jane Street Group LLC purchased a new stake in CI&T during the 1st quarter valued at about $163,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in 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 acquiring an additional 17,601 shares during the period. 92.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of CI&T in a research report on Saturday, September 27th. UBS Group lowered their price objective on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Tuesday, July 22nd. Canaccord Genuity Group reissued a "buy" rating and issued a $8.00 target price (down from $10.00) on shares of CI&T in a research note on Thursday, June 26th. Finally, Wall Street Zen upgraded CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.80.

CI&T Stock Down 0.7%

Shares of CI&T stock opened at $4.86 on Monday. CI&T Inc. has a 1 year low of $4.42 and a 1 year high of $8.00. The firm has a market cap of $653.87 million, a price-to-earnings ratio of 20.23 and a beta of 1.15. The company has a 50-day moving average of $5.29 and a 200 day moving average of $5.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. CI&T had a return on equity of 11.34% and a net margin of 7.27%.The firm had revenue of $116.32 million for the quarter, compared to analysts' expectations of $659.84 million. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

CI&T Company 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.

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