Is CI and T Inc. (CINT) A Great Investment Choice?

Baron Funds, an asset management firm, published its “Baron FinTech Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.53% was delivered by the fund’s institutional shares for the fourth quarter of 2021, compared to its benchmarks, the S&P 500 Index, which appreciated 11.03%, and the FactSet Global FinTech Index which rose 7.68% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron FinTech Fund, in its Q4 2021 investor letter, mentioned CI&T Inc. (NYSE:CINT) and discussed its stance on the firm. Founded in 1995, CI&T Inc. (NYSE:CINT) is a State of São Paulo, Brazil-based information technology and software engineering company with a $2.1 billion market capitalization, and is currently spearheaded by its CEO, Cesar Gon. CI&T Inc. (NYSE:CINT) delivered an 8.12% and it closed at $16.24 per share on March 15, 2022.

Here is what Baron FinTech Fund has to say about CI&T Inc. (NYSE:CINT) in its Q4 2021 investor letter:

“During the quarter, the Fund initiated three new positions and exited five positions. Below we discuss some of our top net purchases and sales. We also initiated a position in Cl&T Inc, a digital IT services company that completed its IPO during the quarter and is classified within the “Challenger” category.”

Photo by Austin Distel on Unsplash

Our calculations show that CI&T Inc. (NYSE:CINT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CI&T Inc. (NYSE:CINT) was in 6 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 0 funds in the previous quarter. CI&T Inc. (NYSE:CINT) delivered a 12.15% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.