WCM Investment Management LLC Sells 12,190 Shares of CI&T Inc. (NYSE:CINT)

WCM Investment Management LLC trimmed its position in shares of CI&T Inc. (NYSE:CINT) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,402,629 shares of the company’s stock after selling 12,190 shares during the period. WCM Investment Management LLC’s holdings in CI&T were worth $9,846,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CINT. Marshall Wace LLP raised its stake in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in CI&T in the second quarter worth about $2,264,000. XTX Topco Ltd acquired a new stake in CI&T during the second quarter valued at approximately $76,000. BW Gestao de Investimentos Ltda. grew its stake in shares of CI&T by 101.1% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock valued at $11,099,000 after purchasing an additional 1,073,302 shares during the period. Finally, Banco BTG Pactual S.A. grew its position in CI&T by 23.0% in the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Performance

Shares of NYSE:CINT opened at $6.94 on Tuesday. The company has a market capitalization of $932.81 million, a price-to-earnings ratio of 49.57 and a beta of 1.16. The firm’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $5.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80. CI&T Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.04.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The firm had revenue of $100.45 million for the quarter, compared to the consensus estimate of $104.75 million. As a group, sell-side analysts forecast that CI&T Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

CINT has been the subject of several research analyst reports. Citigroup lifted their price objective on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, August 16th. Canaccord Genuity Group boosted their target price on shares of CI&T from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group initiated coverage on shares of CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price objective for the company. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

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.