Voya Investment Management LLC Has $54.44 Million Holdings in Globant S.A. $GLOB

Key Points

• Voya Investment Management LLC increased its stake in Globant S.A. by 49.0%, owning approximately 1.05% of the company, valued at around $54.4 million after acquiring an additional 152,152 shares.
• Globant reported $1.53 EPS for the most recent quarter, surpassing analysts' expectations, with a revenue of $614.18 million, which was a 4.5% increase year-over-year.
• Hedge funds and institutional investors collectively own 91.60% of Globant, with multiple firms significantly increasing their holdings during the first quarter.

Voya Investment Management LLC boosted its holdings in shares of Globant S.A. (NYSE:GLOB - Free Report) by 49.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 462,422 shares of the information technology services provider's stock after buying an additional 152,152 shares during the quarter. Voya Investment Management LLC owned approximately 1.05% of Globant worth $54,436,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group increased its position in Globant by 194.4% during the first quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider's stock worth $25,000 after buying an additional 140 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Globant by 140.9% during the first quarter. Physician Wealth Advisors Inc. now owns 265 shares of the information technology services provider's stock worth $31,000 after buying an additional 155 shares during the last quarter. Bessemer Group Inc. acquired a new position in Globant during the first quarter worth approximately $39,000. Farther Finance Advisors LLC increased its position in Globant by 186.7% during the first quarter. Farther Finance Advisors LLC now owns 387 shares of the information technology services provider's stock worth $45,000 after buying an additional 252 shares during the last quarter. Finally, Signaturefd LLC increased its position in Globant by 29.7% during the first quarter. Signaturefd LLC now owns 389 shares of the information technology services provider's stock worth $46,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Globant Price Performance

NYSE GLOB traded up $0.89 on Thursday, hitting $57.25. 420,503 shares of the company's stock were exchanged, compared to its average volume of 1,191,126. The stock has a 50-day moving average of $74.12 and a 200-day moving average of $98.40. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. Globant S.A. has a 52 week low of $54.36 and a 52 week high of $238.32. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 2.50 and a beta of 1.17.

Globant (NYSE:GLOB - Get Free Report) last released its earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping 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 period in the prior year, the company earned $1.51 earnings per share. The company's quarterly revenue 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. Analysts expect that Globant S.A. will post 5.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on GLOB shares. Scotiabank raised 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. The Goldman Sachs Group reduced their price objective on Globant from $120.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, August 18th. UBS Group reduced their price objective on Globant from $120.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Canaccord Genuity Group restated a "hold" rating and set a $97.00 price objective (down previously from $165.00) on shares of Globant in a report on Thursday, June 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a report on Thursday, July 17th. They set a "hold" rating and a $87.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.