Globant S.A. (NYSE:GLOB) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in Globant S.A. (NYSE:GLOB - Free Report) by 74.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,628 shares of the information technology services provider's stock after acquiring an additional 30,042 shares during the period. Janus Henderson Group PLC owned about 0.16% of Globant worth $15,143,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Globant by 132.9% during the third quarter. Barclays PLC now owns 22,537 shares of the information technology services provider's stock valued at $4,467,000 after buying an additional 12,862 shares during the last quarter. Franklin Resources Inc. raised its stake 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 acquiring an additional 71 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Globant by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider's stock valued at $469,316,000 after purchasing an additional 153,385 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Globant by 13.7% during the fourth quarter. Park Avenue Securities LLC now owns 7,815 shares of the information technology services provider's stock valued at $1,676,000 after acquiring an additional 943 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in Globant by 11.8% in the fourth quarter. Artemis Investment Management LLP now owns 25,934 shares of the information technology services provider's stock worth $5,561,000 after acquiring an additional 2,747 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GLOB shares. JPMorgan Chase & Co. reduced their price target on Globant from $248.00 to $242.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Canaccord Genuity Group decreased their target price on shares of Globant from $205.00 to $165.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Wall Street Zen raised Globant from a "sell" rating to a "hold" rating in a research report on Monday. 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, Scotiabank cut their price target on shares of Globant from $170.00 to $140.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.19.

Globant Stock Up 1.5%

NYSE:GLOB traded up $1.59 during mid-day trading on Thursday, hitting $104.34. 248,116 shares of the stock traded hands, compared to its average volume of 678,664. Globant S.A. has a 52 week low of $88.03 and a 52 week high of $238.32. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.38 and a beta of 1.37. The firm's 50 day moving average is $117.06 and its two-hundred day moving average is $175.22.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The information technology services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.08). The company had revenue of $611.09 million for the quarter, compared to the consensus estimate of $622.18 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. The business's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 EPS. As a group, research analysts predict that Globant S.A. will post 5.73 EPS for the current year.

Globant Company 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.