ARGA Investment Management LP lessened its holdings in Globant S.A. (NYSE:GLOB – Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,028,759 shares of the information technology services provider’s stock after selling 28,835 shares during the period. Globant comprises 3.6% of ARGA Investment Management LP’s holdings, making the stock its 11th biggest position. ARGA Investment Management LP owned 4.61% of Globant worth $132,620,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in GLOB. Geneos Wealth Management Inc. lifted its position in Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC lifted its position in Globant by 65.1% during the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. GAMMA Investing LLC lifted its position in Globant by 34.3% during the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 182 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Globant by 27,766.7% during the third quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 833 shares during the last quarter. Finally, CWM LLC lifted its position in Globant by 35.4% during the third quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 225 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
Globant Stock Down 1.0%
Globant stock opened at $42.40 on Tuesday. The stock has a market capitalization of $1.86 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The business has a 50 day simple moving average of $46.62 and a 200-day simple moving average of $57.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. Globant S.A. has a 12 month low of $40.76 and a 12 month high of $142.24.
Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting the consensus estimate of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The firm had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. During the same period in the previous year, the business earned $1.75 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, analysts anticipate that Globant S.A. will post 5.04 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Truist Financial began coverage on shares of Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Globant from $57.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. UBS Group reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Globant in a report on Monday, January 19th. Canaccord Genuity Group reduced their price objective on Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, February 27th. Finally, William Blair restated an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.06.
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Globant Company Profile
Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.
Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.
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