Ensign Peak Advisors Inc Has $20.61 Million Stake in Globant S.A. (NYSE:GLOB)

Ensign Peak Advisors Inc lowered its holdings in shares of Globant S.A. (NYSE:GLOB) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,629 shares of the information technology services provider’s stock after selling 16,622 shares during the quarter. Ensign Peak Advisors Inc owned 0.27% of Globant worth $20,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Accent Capital Management LLC bought a new stake in Globant during the 4th quarter worth approximately $29,000. BOKF NA increased its position in shares of Globant by 15,800.0% during the first quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 158 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Globant during the second quarter worth $31,000. RiverPark Advisors LLC bought a new stake in Globant in the 1st quarter valued at $54,000. Finally, GAMMA Investing LLC boosted its stake in Globant by 82.0% in the 2nd quarter. GAMMA Investing LLC now owns 506 shares of the information technology services provider’s stock worth $90,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GLOB shares. The Goldman Sachs Group initiated coverage on Globant in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Globant from $226.00 to $237.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. KeyCorp lifted their price objective on shares of Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and issued a $240.00 price objective (up previously from $238.00) on shares of Globant in a research report on Friday, August 16th. Finally, Jefferies Financial Group raised their target price on shares of Globant from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.90.

Globant Trading Down 2.3 %

GLOB stock opened at $189.10 on Monday. The business’s 50 day simple moving average is $195.34 and its 200 day simple moving average is $186.79. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $251.50. The firm has a market capitalization of $8.15 billion, a PE ratio of 49.63, a PEG ratio of 2.49 and a beta of 1.40.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The firm had revenue of $587.46 million for the quarter, compared to the consensus estimate of $586.72 million. Globant had a net margin of 7.39% and a return on equity of 11.68%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. As a group, sell-side analysts predict that Globant S.A. will post 5.01 EPS for the current fiscal year.

Globant 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.