CI&T Inc. (NYSE:CINT) Stake Reduced by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of CI&T Inc. (NYSE:CINT) by 23.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,655 shares of the company’s stock after selling 166,750 shares during the period. Bank of Montreal Can owned approximately 0.41% of CI&T worth $3,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CINT. XTX Topco Ltd bought a new stake in CI&T in the second quarter valued at about $76,000. GSA Capital Partners LLP boosted its position in CI&T by 12.5% during the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares during the period. Marshall Wace LLP increased its holdings in shares of CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of CI&T during the 2nd quarter worth $2,264,000. Finally, BW Gestao de Investimentos Ltda. raised its stake in CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after buying an additional 1,073,302 shares during the period. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

CI&T Price Performance

CINT stock opened at $6.69 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $6.90 and a two-hundred day moving average price of $6.17. The stock has a market cap of $898.53 million, a PE ratio of 51.43 and a beta of 1.14. CI&T Inc. has a 1 year low of $3.34 and a 1 year high of $8.04.

Wall Street Analysts Forecast Growth

CINT has been the topic of several recent research reports. Citigroup increased their target price on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group initiated coverage on CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 target price on the stock. Canaccord Genuity Group upped their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CI&T currently has an average rating of “Moderate Buy” and a consensus price target of $7.11.

About CI&T

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.