Segall Bryant & Hamill LLC Buys 92,661 Shares of Globant S.A. (NYSE:GLOB)

Segall Bryant & Hamill LLC grew its position in Globant S.A. (NYSE:GLOB) by 364.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,065 shares of the information technology services provider’s stock after purchasing an additional 92,661 shares during the period. Segall Bryant & Hamill LLC owned about 0.27% of Globant worth $25,315,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Congress Wealth Management LLC DE grew its stake in Globant by 2.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,683 shares of the information technology services provider’s stock worth $575,000 after buying an additional 76 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Globant by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 115,147 shares of the information technology services provider’s stock worth $24,690,000 after acquiring an additional 2,744 shares in the last quarter. Sei Investments Co. grew its position in Globant by 3.5% during the 4th quarter. Sei Investments Co. now owns 602,802 shares of the information technology services provider’s stock worth $129,252,000 after acquiring an additional 20,365 shares during the last quarter. American Century Companies Inc. increased its holdings in Globant by 7.7% during the 4th quarter. American Century Companies Inc. now owns 237,229 shares of the information technology services provider’s stock valued at $50,867,000 after purchasing an additional 16,926 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its stake in Globant by 24.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 7,457 shares of the information technology services provider’s stock worth $1,599,000 after purchasing an additional 1,458 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Redburn Atlantic raised Globant from a “sell” rating to a “neutral” rating and lifted their price target for the company from $140.00 to $150.00 in a report on Tuesday, February 25th. Scotiabank reduced their target price on shares of Globant from $220.00 to $170.00 and set a “sector perform” rating on the stock in a research report on Monday, February 24th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Globant in a report on Wednesday, March 12th. Piper Sandler dropped their price objective on shares of Globant from $237.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group increased their price objective on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Globant currently has an average rating of “Moderate Buy” and a consensus target price of $219.71.

Globant Trading Down 0.9 %

Shares of GLOB stock opened at $129.49 on Tuesday. The firm has a market capitalization of $5.70 billion, a P/E ratio of 34.81, a PEG ratio of 2.38 and a beta of 1.47. Globant S.A. has a 1 year low of $124.53 and a 1 year high of $238.32. The firm’s fifty day moving average price is $181.64 and its two-hundred day moving average price is $202.43.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). The company had revenue of $642.48 million for the quarter, compared to the consensus estimate of $644.42 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. As a group, equities research analysts forecast that Globant S.A. will post 5.73 EPS for the current fiscal year.

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.