Bamco Inc. NY Sells 4,170 Shares of CI&T Inc. (NYSE:CINT)

Bamco Inc. NY trimmed its position in CI&T Inc. (NYSE:CINT) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,830 shares of the company’s stock after selling 4,170 shares during the quarter. Bamco Inc. NY’s holdings in CI&T were worth $107,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Banco BTG Pactual S.A. increased its stake in CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock worth $221,000 after acquiring an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in CI&T by 4.6% during the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its stake in CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after acquiring an additional 666,212 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in CI&T by 4.4% during the first quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after acquiring an additional 58,489 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CINT shares. UBS Group started coverage on CI&T in a research note on Tuesday, May 14th. They set a “neutral” rating and a $4.20 target price on the stock. Citigroup upped their target price on CI&T from $4.25 to $6.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and upped their target price for the company from $5.00 to $6.00 in a research note on Thursday, May 23rd. Wedbush started coverage on CI&T in a research note on Friday, May 24th. They set an “outperform” rating and a $5.00 target price on the stock. Finally, Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and upped their target price for the company from $5.00 to $6.00 in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.59.

CI&T Stock Down 3.6 %

CI&T stock traded down $0.22 during mid-day trading on Monday, reaching $5.96. 24,749 shares of the company were exchanged, compared to its average volume of 106,442. The business has a fifty day moving average of $5.04 and a 200 day moving average of $4.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $801.08 million, a P/E ratio of 34.33 and a beta of 1.13. CI&T Inc. has a 12-month low of $3.34 and a 12-month high of $6.66.

CI&T (NYSE:CINT) last posted its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. The company had revenue of $105.74 million during the quarter, compared to analyst estimates of $103.88 million. CI&T had a return on equity of 14.03% and a net margin of 6.03%. Research analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

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.