NS Partners Ltd Makes New $4.85 Million Investment in Globant S.A. $GLOB

Key Points

• NS Partners Ltd acquired 167,500 Globant shares worth approximately $4.85 million, representing about 0.38% of the company. Institutional investors collectively own 91.6% of Globant.
• Globant’s latest quarterly results included $1.40 in EPS, below the $1.50 consensus estimate, while revenue of $614.42 million slightly exceeded expectations. The company also authorized a $50 million share-repurchase program.
• Analyst sentiment is largely cautious: Globant has a consensus “Hold” rating and an average price target of $46.38, despite the stock trading near $40.69. Several firms recently downgraded the shares or lowered their price targets.

NS Partners Ltd bought a new stake in shares of Globant S.A. (NYSE:GLOB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 167,500 shares of the information technology services provider's stock, valued at approximately $4,847,000. NS Partners Ltd owned approximately 0.38% of Globant as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Globant during the 2nd quarter worth $128,713,000. Pzena Investment Management LLC acquired a new stake in shares of Globant during the second quarter worth $111,700,000. Alyeska Investment Group L.P. raised its position in shares of Globant by 78.5% during the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider's stock worth $85,516,000 after purchasing an additional 1,299,353 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of Globant by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider's stock valued at $156,936,000 after purchasing an additional 91,732 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Globant by 10.6% during the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider's stock valued at $149,292,000 after purchasing an additional 218,570 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CTO Diego Tartara sold 6,000 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the sale, the chief technology officer directly owned 72,320 shares in the company, valued at approximately $2,925,344. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction on Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the transaction, the insider owned 64,046 shares in the company, valued at $2,590,660.70. This trade represents a 8.57% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.67% of the company's stock.

Globant Trading Up 0.4%

NYSE:GLOB opened at $40.69 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.78 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.60 and a beta of 1.02. The stock's 50 day moving average price is $34.72 and its 200 day moving average price is $40.30. Globant S.A. has a 52 week low of $27.56 and a 52 week high of $72.10.

Globant (NYSE:GLOB - Get Free Report) last posted its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a return on equity of 9.28% and a net margin of 4.63%.The business had revenue of $614.42 million during the quarter, compared to the consensus estimate of $612.86 million. During the same period in the prior year, the firm earned $1.53 earnings per share. The business's revenue was up .0% on a year-over-year basis. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, research analysts forecast that Globant S.A. will post 4.65 EPS for the current fiscal year.

Globant declared that its board has approved a share repurchase program on Monday, May 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on GLOB shares. Itau BBA Securities cut shares of Globant from an "outperform" rating to a "market perform" rating and set a $39.00 target price for the company. in a report on Wednesday, July 8th. Wells Fargo & Company decreased their price objective on shares of Globant from $50.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. JPMorgan Chase & Co. lowered their price objective on shares of Globant from $47.00 to $44.00 and set a "neutral" rating on the stock in a research report on Friday, August 14th. William Blair cut Globant from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. Finally, Zacks Research lowered Globant from a "hold" rating to a "strong sell" rating in a research report on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.38.

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.

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