CI&T Inc. (NYSE:CINT) Sees Significant Decrease in Short Interest

CI&T Inc. (NYSE:CINT) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 281,663 shares, a drop of 13.9% from the February 26th total of 327,068 shares. Based on an average trading volume of 109,767 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently modified their holdings of the business. BW Gestao de Investimentos Ltda. lifted its stake in shares of CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after purchasing an additional 242,811 shares during the last quarter. JPMorgan Chase & Co. increased its position in CI&T by 24,544.5% during the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock worth $8,720,000 after buying an additional 1,454,751 shares during the last quarter. Royce & Associates LP raised its holdings in CI&T by 69.7% during the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after buying an additional 364,696 shares in the last quarter. GMT Capital Corp bought a new position in CI&T during the fourth quarter valued at about $1,786,000. Finally, Marshall Wace LLP lifted its position in shares of CI&T by 90.4% in the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after buying an additional 180,800 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CINT shares. Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. UBS Group increased their target price on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.78.

CI&T Stock Up 1.9%

Shares of NYSE CINT traded up $0.09 during trading hours on Tuesday, hitting $5.08. The stock had a trading volume of 13,146 shares, compared to its average volume of 138,912. The firm’s 50-day moving average price is $5.02 and its two-hundred day moving average price is $4.79. CI&T has a 52 week low of $3.98 and a 52 week high of $7.09. The company has a market capitalization of $684.20 million, a P/E ratio of 16.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.34.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Sunday, March 22nd. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $69.07 million for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. Analysts anticipate that CI&T will post 0.2 EPS for the current fiscal year.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.