Thrivent Financial for Lutherans Has $14.89 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Thrivent Financial for Lutherans boosted its holdings in shares of Globant S.A. (NYSE:GLOB) by 29.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,525 shares of the information technology services provider’s stock after buying an additional 19,128 shares during the period. Thrivent Financial for Lutherans owned approximately 0.19% of Globant worth $14,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. 17 Capital Partners LLC raised its position in Globant by 1.6% during the second quarter. 17 Capital Partners LLC now owns 3,455 shares of the information technology services provider’s stock valued at $616,000 after buying an additional 55 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Globant by 3.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,140 shares of the information technology services provider’s stock valued at $432,000 after buying an additional 81 shares during the period. Franklin Resources Inc. raised its position in Globant by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 12,672 shares of the information technology services provider’s stock valued at $3,016,000 after buying an additional 111 shares during the period. Parkside Financial Bank & Trust raised its position in Globant by 6.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the information technology services provider’s stock valued at $352,000 after buying an additional 118 shares during the period. Finally, Accent Capital Management LLC acquired a new position in Globant during the fourth quarter valued at $29,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Stock Up 1.9 %

GLOB opened at $196.66 on Wednesday. The firm has a market capitalization of $8.47 billion, a P/E ratio of 51.62, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. The stock’s 50 day moving average price is $195.19 and its two-hundred day moving average price is $186.55. Globant S.A. has a 12-month low of $151.68 and a 12-month high of $251.50.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GLOB shares. StockNews.com lowered Globant from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. KeyCorp raised their price target on Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Citigroup raised their price target on Globant from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price target (up from $238.00) on shares of Globant in a research note on Friday, August 16th. Finally, TD Cowen raised their price target on Globant from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. 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. Based on data from MarketBeat.com, Globant has a consensus rating of “Moderate Buy” and a consensus target price of $222.90.

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.