Ensign Peak Advisors Inc Has $18.52 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Ensign Peak Advisors Inc reduced its position in Globant S.A. (NYSE:GLOB - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,367 shares of the information technology services provider's stock after selling 29,257 shares during the period. Ensign Peak Advisors Inc owned approximately 0.20% of Globant worth $18,519,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Globant by 0.6% during the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider's stock valued at $2,704,000 after purchasing an additional 71 shares during the last quarter. Congress Wealth Management LLC DE grew its stake in Globant by 2.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,683 shares of the information technology services provider's stock worth $575,000 after buying an additional 76 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Globant by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 18,490 shares of the information technology services provider's stock worth $3,965,000 after buying an additional 110 shares during the period. PNC Financial Services Group Inc. increased its position in Globant by 2.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,813 shares of the information technology services provider's stock worth $1,032,000 after buying an additional 118 shares during the period. Finally, Commerce Bank lifted its stake in Globant by 8.8% in the fourth quarter. Commerce Bank now owns 1,873 shares of the information technology services provider's stock valued at $402,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GLOB shares. Canaccord Genuity Group dropped their price objective on shares of Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on Globant from $248.00 to $242.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. UBS Group decreased their price objective on Globant from $217.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Susquehanna cut their target price on Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Finally, Redburn Atlantic raised Globant from a "sell" rating to a "neutral" rating and increased their price target for the stock from $140.00 to $150.00 in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Globant has an average rating of "Moderate Buy" and an average target price of $204.00.

Globant Price Performance

GLOB traded down $0.66 on Thursday, reaching $133.01. 1,672,355 shares of the company traded hands, compared to its average volume of 627,260. Globant S.A. has a 52-week low of $95.25 and a 52-week high of $238.32. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.38 and a beta of 1.37. The stock's 50 day moving average price is $119.35 and its 200-day moving average price is $178.84.

Globant (NYSE:GLOB - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The information technology services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.44). Globant had a return on equity of 11.83% and a net margin of 6.86%. As a group, equities research analysts forecast that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

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.