Capital International Inc. CA Has $16.06 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Capital International Inc. CA trimmed its position in Globant S.A. (NYSE:GLOB) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,901 shares of the information technology services provider’s stock after selling 6,404 shares during the period. Capital International Inc. CA’s holdings in Globant were worth $16,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLOB. Barclays PLC boosted its position in shares of Globant by 132.9% in the 3rd quarter. Barclays PLC now owns 22,537 shares of the information technology services provider’s stock worth $4,467,000 after purchasing an additional 12,862 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Globant by 26.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,312 shares of the information technology services provider’s stock worth $656,000 after buying an additional 688 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Globant in the 3rd quarter valued at about $40,000. Franklin Resources Inc. raised its position in shares of Globant by 0.6% in the 3rd quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider’s stock valued at $2,704,000 after acquiring an additional 71 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Globant during the 3rd quarter worth approximately $10,814,000. 91.60% of the stock is owned by institutional investors.

Globant Stock Down 0.8 %

NYSE:GLOB opened at $105.69 on Friday. Globant S.A. has a twelve month low of $96.23 and a twelve month high of $238.32. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.38 and a beta of 1.50. The stock’s 50 day moving average price is $139.24 and its two-hundred day moving average price is $189.93.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). The firm had revenue of $642.48 million for the quarter, compared to analyst estimates of $644.42 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. As a group, analysts anticipate that Globant S.A. will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on GLOB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Globant in a research note on Wednesday, March 12th. Redburn Atlantic upgraded Globant from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $140.00 to $150.00 in a report on Tuesday, February 25th. Scotiabank lowered their price target on Globant from $220.00 to $170.00 and set a “sector perform” rating for the company in a report on Monday, February 24th. Susquehanna decreased their price objective on Globant from $255.00 to $225.00 and set a “positive” rating for the company in a research report on Tuesday, April 8th. Finally, Canaccord Genuity Group cut their price target on shares of Globant from $205.00 to $165.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.94.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.