State Street Corp Increases Position in CI&T Inc. (NYSE:CINT)

State Street Corp lifted its position in shares of CI&T Inc. (NYSE:CINT) by 28.8% during the third quarter, Holdings Channel reports. The institutional investor owned 67,380 shares of the company’s stock after purchasing an additional 15,083 shares during the period. State Street Corp’s holdings in CI&T were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of CI&T in the second quarter valued at about $76,000. GSA Capital Partners LLP raised its stake in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares during the period. Marshall Wace LLP lifted its holdings in CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in CI&T in the 2nd quarter worth approximately $2,264,000. Institutional investors own 92.45% of the company’s stock.

Analysts Set New Price Targets

CINT has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Canaccord Genuity Group boosted their price target on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. TD Cowen initiated coverage on shares of CI&T in a report on Friday, December 6th. They set a “buy” rating and a $9.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CI&T has a consensus rating of “Moderate Buy” and an average target price of $7.68.

CI&T Trading Up 3.1 %

Shares of NYSE CINT opened at $6.32 on Friday. CI&T Inc. has a 1-year low of $3.34 and a 1-year high of $8.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day moving average is $6.56 and its two-hundred day moving average is $6.44. The stock has a market capitalization of $849.48 million, a P/E ratio of 48.62 and a beta of 1.14.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.