WCM Investment Management LLC Buys 45,574 Shares of CI&T Inc. (NYSE:CINT)

WCM Investment Management LLC lifted its position in CI&T Inc. (NYSE:CINT) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,448,203 shares of the company’s stock after purchasing an additional 45,574 shares during the quarter. WCM Investment Management LLC owned about 1.08% of CI&T worth $8,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Verde Servicos Internacionais S.A. purchased a new position in CI&T in the 4th quarter worth $152,000. Virtu Financial LLC bought a new position in CI&T in the third quarter worth about $108,000. State Street Corp lifted its stake in shares of CI&T by 28.8% in the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares during the period. Finally, GSA Capital Partners LLP lifted 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 valued at $183,000 after buying an additional 2,995 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Price Performance

Shares of CI&T stock opened at $7.59 on Monday. 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 Inc. has a 52 week low of $3.34 and a 52 week high of $8.04. The stock’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $6.67. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 58.39 and a beta of 1.19.

Wall Street Analyst Weigh In

CINT has been the subject of several analyst reports. Canaccord Genuity Group raised their price target on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 18th. UBS Group upped their price target 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. Wedbush upgraded CI&T to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, TD Cowen began coverage on CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T 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.