Barclays PLC Raises Stake in Globant S.A. (NYSE:GLOB)

Barclays PLC grew its stake in shares of Globant S.A. (NYSE:GLOBFree Report) by 81.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,877 shares of the information technology services provider’s stock after purchasing an additional 19,263 shares during the quarter. Barclays PLC owned approximately 0.10% of Globant worth $8,483,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its position in shares of Globant by 49.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,490 shares of the information technology services provider’s stock valued at $262,000 after buying an additional 490 shares during the last quarter. Yorktown Management & Research Co Inc increased its holdings in shares of Globant by 50.0% during the second quarter. Yorktown Management & Research Co Inc now owns 2,100 shares of the information technology services provider’s stock valued at $377,000 after acquiring an additional 700 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Globant by 10.8% during the second quarter. Northern Trust Corp now owns 161,189 shares of the information technology services provider’s stock valued at $28,969,000 after acquiring an additional 15,732 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Globant during the third quarter valued at about $1,398,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Globant during the second quarter valued at about $5,014,000. 91.49% of the stock is owned by hedge funds and other institutional investors.

Globant Trading Up 0.6 %

Shares of GLOB stock opened at $236.22 on Thursday. The company’s 50-day moving average price is $233.16 and its 200-day moving average price is $204.63. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 65.98 and a beta of 1.39. Globant S.A. has a twelve month low of $135.40 and a twelve month high of $251.50.

Globant (NYSE:GLOBGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The information technology services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.06). The company had revenue of $545.28 million during the quarter, compared to analysts’ expectations of $544.64 million. Globant had a net margin of 7.76% and a return on equity of 11.34%. As a group, equities research analysts predict that Globant S.A. will post 4.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GLOB. Canaccord Genuity Group assumed coverage on shares of Globant in a report on Wednesday, December 6th. They set a “hold” rating and a $230.00 price objective on the stock. TheStreet upgraded shares of Globant from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Canaccord Genuity Group assumed coverage on shares of Globant in a report on Wednesday, December 6th. They issued a “hold” rating on the stock. Piper Sandler Companies cut their price target on shares of Globant from $230.00 to $212.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. Finally, Citigroup increased their price target on shares of Globant from $215.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Get Our Latest Report on GLOB

About Globant

(Free Report)

Globant SA operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.

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Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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