Ensign Peak Advisors Inc Sells 29,257 Shares of Globant S.A. (NYSE:GLOB)

Ensign Peak Advisors Inc trimmed its position in shares of Globant S.A. (NYSE:GLOB) by 25.3% during the 4th quarter, according to 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 period. Ensign Peak Advisors Inc’s holdings in Globant were worth $18,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLOB. Barclays PLC increased its holdings in Globant by 132.9% in the 3rd quarter. Barclays PLC now owns 22,537 shares of the information technology services provider’s stock valued at $4,467,000 after buying an additional 12,862 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Globant during the 3rd quarter valued at about $40,000. Franklin Resources Inc. boosted its position 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 acquiring an additional 71 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Globant by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider’s stock valued at $469,316,000 after acquiring an additional 153,385 shares during the period. Finally, Harbour Capital Advisors LLC raised its position in Globant by 36.8% in the fourth quarter. Harbour Capital Advisors LLC now owns 1,822 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 490 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Down 1.1%

Globant stock opened at $128.83 on Monday. The stock has a 50-day simple moving average of $119.65 and a 200 day simple moving average of $179.98. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 2.38 and a beta of 1.37. Globant S.A. has a 12-month low of $96.23 and a 12-month high of $238.32.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share 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 company had revenue of $642.48 million during the quarter, compared to analyst estimates of $644.42 million. As a group, sell-side analysts anticipate that Globant S.A. will post 5.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GLOB shares. StockNews.com downgraded Globant from a “hold” rating to a “sell” rating in a report on Sunday. Redburn Atlantic upgraded Globant from a “sell” rating to a “neutral” rating and raised their target price for the stock from $140.00 to $150.00 in a research report on Tuesday, February 25th. Susquehanna lowered their price target on Globant from $225.00 to $160.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group increased their price objective on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, UBS Group reduced their target price on shares of Globant from $217.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.