American Century Companies Inc. Has $50.87 Million Holdings in Globant S.A. (NYSE:GLOB)

American Century Companies Inc. lifted its stake in shares of Globant S.A. (NYSE:GLOB) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,229 shares of the information technology services provider’s stock after acquiring an additional 16,926 shares during the period. American Century Companies Inc. owned approximately 0.55% of Globant worth $50,867,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GLOB. Cerity Partners LLC boosted its position in Globant by 31.0% during the third quarter. Cerity Partners LLC now owns 15,022 shares of the information technology services provider’s stock valued at $2,977,000 after purchasing an additional 3,556 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Globant by 5.1% in the 3rd quarter. Fisher Asset Management LLC now owns 27,591 shares of the information technology services provider’s stock valued at $5,467,000 after buying an additional 1,343 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Globant in the third quarter valued at $8,445,000. Associated Banc Corp acquired a new position in Globant during the third quarter worth $225,000. Finally, Bank of Montreal Can lifted its stake in Globant by 48.9% in the third quarter. Bank of Montreal Can now owns 21,642 shares of the information technology services provider’s stock valued at $4,278,000 after acquiring an additional 7,110 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Globant Stock Down 1.9 %

GLOB opened at $127.46 on Thursday. The firm has a 50-day moving average price of $178.31 and a 200-day moving average price of $201.45. Globant S.A. has a twelve month low of $124.53 and a twelve month high of $238.32. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.38 and a beta of 1.47.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). The business had revenue of $642.48 million during the quarter, compared to analysts’ expectations of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. On average, sell-side analysts expect that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GLOB shares. Scotiabank cut their target price on shares of Globant from $220.00 to $170.00 and set a “sector perform” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group boosted their target price on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on shares of Globant from $248.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Canaccord Genuity Group dropped their price objective on shares of Globant from $205.00 to $165.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group reduced their target price on shares of Globant from $217.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.71.

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.