M&T Bank Corp Makes New Investment in Globant S.A. $GLOB

Key Points

• M&T Bank Corp acquired 50,486 shares of Globant in Q4 (about $3.3M), representing roughly 0.11% of the company, and institutional investors now own about 91.6% of the stock.
• Globant reported Q results with EPS of $1.54 (in line with estimates) and revenue of $612.47M (beat estimates) but revenue was down 4.7% year‑over‑year; management guided Q1 2026 EPS to 1.440–1.540 and FY 2026 EPS to 6.100–6.500.
• The shares trade around $42.40 (12‑month range $40.76–$142.24) with a market cap of $1.86B, and Wall Street consensus is a Hold with a $74.06 target (7 Buy, 10 Hold, 1 Sell).

M&T Bank Corp acquired a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,486 shares of the information technology services provider's stock, valued at approximately $3,300,000. M&T Bank Corp owned about 0.11% of Globant as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GLOB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Globant during the first quarter worth about $447,000. Goldman Sachs Group Inc. grew its holdings in shares of Globant by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider's stock worth $8,739,000 after purchasing an additional 30,386 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Globant by 61.9% during the second quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider's stock worth $9,291,000 after purchasing an additional 39,122 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Globant by 823.2% during the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider's stock worth $9,619,000 after purchasing an additional 94,424 shares during the last quarter. Finally, Amundi grew its holdings in shares of Globant by 192.7% during the second quarter. Amundi now owns 7,970 shares of the information technology services provider's stock worth $727,000 after purchasing an additional 5,247 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Globant Price Performance

Shares of GLOB opened at $42.40 on Tuesday. Globant S.A. has a twelve month low of $40.76 and a twelve month high of $142.24. The stock's 50 day moving average is $46.62 and its two-hundred day moving average is $57.63. The firm has a market capitalization of $1.86 billion, a PE ratio of 18.51, a P/E/G ratio of 1.56 and a beta of 1.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, meeting analysts' consensus estimates of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. During the same quarter in the previous year, the company earned $1.75 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Research analysts anticipate that Globant S.A. will post 5.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wedbush assumed coverage on Globant in a report on Thursday, April 9th. They set an "outperform" rating and a $61.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Globant from $57.00 to $50.00 and set an "equal weight" rating on the stock in a report on Friday, March 27th. Guggenheim dropped their price objective on Globant from $80.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Mizuho dropped their price objective on Globant from $91.00 to $76.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Globant in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.06.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant's service offerings span strategy consulting, custom software engineering, digital experience design and managed services.

Want to see what other hedge funds are holding GLOB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globant S.A. (NYSE:GLOB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.