Pzena Investment Management LLC Takes $111.70 Million Position in Globant S.A. $GLOB

Key Points

• Pzena Investment Management acquired 3.86 million Globant shares worth approximately $111.7 million, giving it an 8.8% stake. Institutional investors and hedge funds collectively own 91.6% of the company.
• Globant’s latest quarterly results showed EPS of $1.40, below the $1.50 consensus, while revenue of $614.4 million slightly exceeded estimates. EPS also declined year over year, raising concerns about profitability and growth.
• The stock has faced pressure as several analysts cut price targets and Wedbush downgraded it to Hold; the overall analyst consensus is Hold with a $46.38 target. Globant has also authorized a $50 million share-repurchase program covering up to 2.9% of shares.

Pzena Investment Management LLC purchased a new position in shares of Globant S.A. (NYSE:GLOB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,859,718 shares of the information technology services provider's stock, valued at approximately $111,700,000. Pzena Investment Management LLC owned about 8.80% of Globant as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of GLOB. Allworth Financial LP raised its stake in Globant by 473.3% during the fourth quarter. Allworth Financial LP now owns 493 shares of the information technology services provider's stock valued at $32,000 after buying an additional 407 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider's stock worth $45,000 after buying an additional 578 shares during the last quarter. MidFirst Bank acquired a new position in shares of Globant in the 4th quarter worth approximately $47,000. Essential Partners LLC acquired a new position in shares of Globant in the 1st quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Globant by 872.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider's stock valued at $59,000 after acquiring an additional 1,143 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Stock Down 3.1%

Shares of Globant stock opened at $36.22 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. The business's 50 day simple moving average is $33.75 and its 200-day simple moving average is $41.91. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.41 and a beta of 1.02. Globant S.A. has a twelve month low of $27.56 and a twelve month high of $72.10.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by ($0.10). The company had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Equities research analysts forecast that Globant S.A. will post 4.89 earnings per share for the current year.

Globant declared that its board has initiated a share repurchase plan on Monday, May 18th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Key Stories Impacting Globant

Here are the key news stories impacting Globant this week:

• Positive Sentiment: FIFA selected Globant to develop a continuous fan-experience ecosystem for football supporters, providing a high-profile customer win and potential long-term digital-services revenue. FIFA selects Globant to create a continuous fan experience ecosystem
• Positive Sentiment: Globant is merging its Romanian subsidiary with Pentalog Romania, a move that could streamline operations and expand delivery capabilities in the region. Romania merger involving Globant IT Romania and Pentalog Romania
• Neutral Sentiment: Globant’s “Tokenomics” initiative is being discussed as a possible outcomes-based pricing model for professional-services engagements. The concept may improve client value and pricing efficiency, but its financial impact remains uncertain. Globant Tokenomics and outcomes-based pricing
• Negative Sentiment: Globant reported quarterly EPS of $1.40, below the $1.50 analyst consensus, while revenue was broadly in line with estimates. EPS also declined from $1.53 a year earlier, reinforcing concerns about profitability and slowing growth.
• Negative Sentiment: Several firms reduced their price targets: JPMorgan to $44, Truist to $38, TD Cowen to $45, Guggenheim to $50 and Goldman Sachs to $52. The repeated reductions suggest analysts are recalibrating expectations after the earnings miss. JPMorgan cuts Globant price target
• Negative Sentiment: Wedbush downgraded Globant to Hold, and the broader analyst consensus is also Hold, limiting near-term buying support. Wedbush downgrades Globant to Hold

Wall Street Analyst Weigh In

GLOB has been the topic of several research reports. Canaccord Genuity Group set a $35.00 price target on Globant in a research report on Friday. UBS Group set a $38.00 price objective on shares of Globant in a report on Friday. Weiss Ratings lowered shares of Globant from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday. The Goldman Sachs Group dropped their target price on shares of Globant from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Needham & Company LLC reduced their price target on shares of Globant from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.38.

About Globant

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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