Verde Servicos Internacionais S.A. Takes Position in CI&T Inc. (NYSE:CINT)

Verde Servicos Internacionais S.A. purchased a new stake in shares of CI&T Inc. (NYSE:CINT) in the 4th quarter, HoldingsChannel reports. The firm purchased 25,000 shares of the company’s stock, valued at approximately $152,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. XTX Topco Ltd bought a new stake in CI&T in the second quarter valued at $76,000. Marshall Wace LLP raised its holdings in CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of CI&T by 12.5% in the 3rd 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. State Street Corp boosted its stake in shares of CI&T by 28.8% during 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 in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of CI&T during the third quarter valued at about $108,000. 92.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CINT. TD Cowen assumed coverage on shares of CI&T in a report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group increased their price objective on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, UBS Group upped their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.92.

CI&T Stock Performance

Shares of CINT stock opened at $6.97 on Tuesday. The company has a market capitalization of $936.84 million, a price-to-earnings ratio of 53.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. CI&T Inc. has a one year low of $3.34 and a one year high of $8.04. The company’s 50-day moving average is $6.41 and its 200 day moving average is $6.59.

About CI&T

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.