JPMorgan Chase & Co. Has $4.12 Million Stake in CI&T Inc. $CINT

Key Points

• JPMorgan Chase cut its stake in CI&T by 45.2% in Q3, selling 660,573 shares and ending the period with 800,105 shares (about 0.59% of the company) valued at roughly $4.12 million.
• Analysts show a mostly positive view with an average rating of "Moderate Buy" and an average target of $6.78; five analysts rate CI&T a Buy and two rate it a Hold, while individual targets range from $6.00 (JPMorgan) to about $7.10 (UBS).
• CI&T recently traded around $5.01, has a market cap of about $674M, a P/E of 16.7, a 52-week range of $3.98–$7.09, and last quarter reported EPS of $0.05 on $69.07 million in revenue.

JPMorgan Chase & Co. reduced its stake in CI&T Inc. (NYSE:CINT - Free Report) by 45.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 800,105 shares of the company's stock after selling 660,573 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.59% of CI&T worth $4,121,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CINT. Franklin Resources Inc. acquired a new position in CI&T during the third quarter valued at approximately $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T in the third quarter valued at approximately $58,000. Russell Investments Group Ltd. lifted its stake in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock worth $67,000 after buying an additional 7,456 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of CI&T in the third quarter worth $72,000. Finally, Squarepoint Ops LLC bought a new stake in shares of CI&T during the 3rd quarter worth $111,000. Institutional investors own 92.45% of the company's stock.

Analysts Set New Price Targets

CINT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of CI&T from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Canaccord Genuity Group upped their price target on shares of CI&T from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, March 12th. Wall Street Zen raised CI&T from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Weiss Ratings raised CI&T from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, January 13th. Finally, UBS Group lifted their price objective on CI&T from $7.00 to $7.10 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.78.

CI&T Price Performance

NYSE:CINT opened at $5.01 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. CI&T Inc. has a one year low of $3.98 and a one year high of $7.09. The company has a fifty day moving average price of $5.04 and a 200 day moving average price of $4.79. The stock has a market cap of $674.25 million, a P/E ratio of 16.70 and a beta of 1.10.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The company had revenue of $69.07 million for the quarter. Analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current year.

CI&T Company Profile

CI&T Inc NYSE: CINT is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.

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