WCM Investment Management LLC Reduces Stock Position in CI&T Inc. $CINT

by · The Cerbat Gem

WCM Investment Management LLC reduced its stake in CI&T Inc. (NYSE:CINT – Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,359,236 shares of the company’s stock after selling 46,759 shares during the period. WCM Investment Management LLC owned 1.01% of CI&T worth $7,843,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Aberdeen Group plc raised its stake in CI&T by 74.5% in the second quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock worth $2,970,000 after buying an additional 210,370 shares in the last quarter. Herald Investment Management Ltd raised its stake in CI&T by 26.8% in the second quarter. Herald Investment Management Ltd now owns 450,000 shares of the company’s stock worth $2,682,000 after buying an additional 95,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after buying an additional 62,688 shares in the last quarter. Acadian Asset Management LLC raised its stake in CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after buying an additional 29,200 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in CI&T in the first quarter worth about $163,000. 92.45% of the stock is owned by institutional investors.

CI&T Price Performance

Shares of CINT opened at $4.18 on Friday. The company has a market capitalization of $562.97 million, a P/E ratio of 17.42 and a beta of 1.15. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $5.10 and a 200 day moving average of $5.49. CI&T Inc. has a twelve month low of $3.98 and a twelve month high of $8.00.

CI&T (NYSE:CINT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $116.32 million during the quarter, compared to the consensus estimate of $659.84 million. CI&T had a net margin of 7.27% and a return on equity of 11.34%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CI&T in a research note on Wednesday, October 8th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 target price on shares of CI&T in a research note on Thursday. Finally, UBS Group decreased their target price on shares of CI&T from $8.00 to $6.80 and set a “neutral” rating for the company in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CI&T presently has an average rating of “Moderate Buy” and a consensus price target of $7.80.

View Our Latest Report on CINT

CI&T Company Profile

(Free Report)

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.

See Also