Price T Rowe Associates Inc. MD Sells 115,974 Shares of CI&T Inc. (NYSE:CINT)

Price T Rowe Associates Inc. MD lessened its holdings in CI&T Inc. (NYSE:CINT - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,857,993 shares of the company's stock after selling 115,974 shares during the period. Price T Rowe Associates Inc. MD owned about 2.87% of CI&T worth $23,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in shares of CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company's stock valued at $458,000 after buying an additional 15,083 shares during the period. Virtu Financial LLC acquired a new stake in CI&T during the third quarter valued at $108,000. Verde Servicos Internacionais S.A. purchased a new position in CI&T in the fourth quarter valued at about $152,000. WCM Investment Management LLC increased its position in CI&T by 3.2% in the 4th quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock worth $8,747,000 after purchasing an additional 45,574 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of CI&T during the 4th quarter worth about $3,036,000. Hedge funds and other institutional investors own 92.45% of the company's stock.

CI&T Stock Performance

CINT stock traded up $0.23 during mid-day trading on Tuesday, reaching $6.04. 77,296 shares of the stock traded hands, compared to its average volume of 114,010. The firm has a market capitalization of $813.48 million, a PE ratio of 46.62 and a beta of 1.24. The business has a 50-day moving average of $5.84 and a two-hundred day moving average of $6.39. CI&T Inc. has a 52 week low of $3.34 and a 52 week high of $8.04. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

CI&T (NYSE:CINT - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The business had revenue of $112.34 million for the quarter, compared to the consensus estimate of $646.68 million. As a group, equities analysts predict that CI&T Inc. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

CINT has been the topic of a number of research reports. Citigroup started coverage on CI&T in a report on Friday, April 25th. They issued a "buy" rating and a $7.00 price objective on the stock. Canaccord Genuity Group restated a "buy" rating and set a $10.00 price target on shares of CI&T in a research note on Monday, March 17th. Finally, Wedbush set a $9.00 price objective on shares of CI&T in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $8.26.

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.