Envestnet Asset Management Inc. Purchases 49,138 Shares of CI&T Inc (NYSE:CINT)

Envestnet Asset Management Inc. grew its stake in CI&T Inc (NYSE:CINTGet Rating) by 58.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,700 shares of the company’s stock after acquiring an additional 49,138 shares during the period. Envestnet Asset Management Inc. owned 0.10% of CI&T worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brinker Capital Investments LLC bought a new position in shares of CI&T in the second quarter worth about $108,000. Advisor Group Holdings Inc. raised its stake in shares of CI&T by 136.9% in the first quarter. Advisor Group Holdings Inc. now owns 27,584 shares of the company’s stock worth $442,000 after acquiring an additional 15,942 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of CI&T by 194.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,804 shares of the company’s stock worth $493,000 after acquiring an additional 20,350 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of CI&T in the first quarter worth about $644,000. Finally, Truist Financial Corp raised its stake in shares of CI&T by 44.0% during the first quarter. Truist Financial Corp now owns 40,522 shares of the company’s stock worth $649,000 after buying an additional 12,387 shares during the last quarter. 12.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on shares of CI&T from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CI&T currently has an average rating of “Buy” and an average price target of $16.14.

CI&T Stock Performance

Shares of NYSE CINT opened at $7.08 on Tuesday. The firm has a 50 day moving average price of $8.80 and a 200 day moving average price of $10.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 1.46. CI&T Inc has a 52-week low of $6.41 and a 52-week high of $19.08.

About CI&T

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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.

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Institutional Ownership by Quarter for CI&T (NYSE:CINT)

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