Globant S.A. (NYSE:GLOB) Stock Position Lowered by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in Globant S.A. (NYSE:GLOB) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,367 shares of the information technology services provider’s stock after selling 29,257 shares during the quarter. Ensign Peak Advisors Inc owned about 0.20% of Globant worth $18,519,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Globant by 0.6% during 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 buying an additional 71 shares during the period. Congress Wealth Management LLC DE increased its stake in shares of Globant by 2.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 2,683 shares of the information technology services provider’s stock worth $575,000 after acquiring an additional 76 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Globant by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 18,490 shares of the information technology services provider’s stock worth $3,965,000 after acquiring an additional 110 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Globant by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,813 shares of the information technology services provider’s stock worth $1,032,000 after acquiring an additional 118 shares in the last quarter. Finally, Commerce Bank boosted its position in Globant by 8.8% during the fourth quarter. Commerce Bank now owns 1,873 shares of the information technology services provider’s stock valued at $402,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Globant Price Performance

Shares of GLOB opened at $128.83 on Monday. The company has a market capitalization of $5.67 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. Globant S.A. has a one year low of $96.23 and a one year high of $238.32. The company’s fifty day moving average price is $119.65 and its 200 day moving average price is $179.98.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on GLOB. Jefferies Financial Group raised their price target on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Susquehanna cut their price objective on shares of Globant from $225.00 to $160.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Redburn Atlantic upgraded shares of Globant from a “sell” rating to a “neutral” rating and lifted their target price for the company from $140.00 to $150.00 in a research note on Tuesday, February 25th. StockNews.com lowered shares of Globant from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Globant from $248.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Globant presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.00.

About Globant

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.