AIMZ Investment Advisors LLC Makes New $3.62 Million Investment in Globant S.A. $GLOB

Key Points

• AIMZ Investment Advisors LLC acquired 30,732 shares of Globant S.A. worth approximately $3.6 million, representing 1.3% of its portfolio.
• Several institutional investors have significantly increased their positions in Globant, with First Trust Advisors LP increasing its stake by 77.9% in the last quarter.
• Analysts have set a consensus price target of $139.47 for Globant, with ratings ranging from "buy" to "hold" from multiple firms.

AIMZ Investment Advisors LLC bought a new position in Globant S.A. (NYSE:GLOB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,732 shares of the information technology services provider's stock, valued at approximately $3,618,000. Globant comprises 1.3% of AIMZ Investment Advisors LLC's holdings, making the stock its 26th biggest holding. AIMZ Investment Advisors LLC owned approximately 0.07% of Globant as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GLOB. Invesco Ltd. boosted its stake in shares of Globant by 764.3% in the first quarter. Invesco Ltd. now owns 945,215 shares of the information technology services provider's stock worth $111,271,000 after buying an additional 835,859 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Globant by 209.0% in the first quarter. Westfield Capital Management Co. LP now owns 820,445 shares of the information technology services provider's stock worth $96,583,000 after buying an additional 554,938 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Globant in the first quarter worth about $58,163,000. Manning & Napier Advisors LLC boosted its stake in shares of Globant by 86.3% in the first quarter. Manning & Napier Advisors LLC now owns 907,659 shares of the information technology services provider's stock worth $106,850,000 after buying an additional 420,382 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Globant by 73.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 549,328 shares of the information technology services provider's stock worth $64,667,000 after buying an additional 233,145 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Globant Price Performance

Shares of NYSE GLOB traded up $0.02 during midday trading on Friday, hitting $67.47. The stock had a trading volume of 362,721 shares, compared to its average volume of 1,162,554. The company has a market capitalization of $2.97 billion, a PE ratio of 27.48, a P/E/G ratio of 3.00 and a beta of 1.16. The stock has a 50 day simple moving average of $82.61 and a 200-day simple moving average of $110.99. Globant S.A. has a 1 year low of $64.51 and a 1 year high of $238.32. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.52 by $0.01. Globant had a return on equity of 10.76% and a net margin of 4.44%.The firm had revenue of $614.18 million during the quarter, compared to analysts' expectations of $612.66 million. During the same quarter last year, the firm earned $1.51 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, sell-side analysts expect that Globant S.A. will post 5.73 EPS for the current fiscal year.

Analysts Set New Price Targets

GLOB has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Globant from $120.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. downgraded Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target on the stock. in a research report on Friday, August 15th. Canaccord Genuity Group reiterated a "hold" rating and set a $97.00 price target (down previously from $165.00) on shares of Globant in a research report on Thursday, June 26th. Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $154.00 to $116.00 in a research report on Friday, May 16th. Finally, Scotiabank upgraded Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price target on the stock in a research report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.47.

Globant 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.