New York State Common Retirement Fund Purchases 8,322 Shares of Globant S.A. (NYSE:GLOB)

New York State Common Retirement Fund lifted its holdings in Globant S.A. (NYSE:GLOB - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 85,345 shares of the information technology services provider's stock after buying an additional 8,322 shares during the quarter. New York State Common Retirement Fund owned approximately 0.20% of Globant worth $20,310,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Trust Point Inc. acquired a new stake in shares of Globant in the 4th quarter worth approximately $1,741,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Globant by 146.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 45,190 shares of the information technology services provider's stock worth $10,734,000 after purchasing an additional 26,850 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Globant by 112.6% in the 3rd quarter. New York Life Investment Management LLC now owns 4,411 shares of the information technology services provider's stock worth $873,000 after purchasing an additional 2,336 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Globant by 1.2% in the 3rd quarter. Deutsche Bank AG now owns 138,062 shares of the information technology services provider's stock worth $27,316,000 after purchasing an additional 1,584 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Globant in the 4th quarter worth approximately $4,587,000. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on GLOB. Citigroup dropped their target price on shares of Globant from $275.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. Guggenheim started coverage on shares of Globant in a report on Tuesday, March 19th. They set a "buy" rating and a $250.00 price target on the stock. UBS Group boosted their price target on shares of Globant from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, February 26th. HSBC cut their price target on shares of Globant from $275.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, April 3rd. Finally, KeyCorp boosted their price target on shares of Globant from $266.00 to $272.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.24.

Globant Price Performance

Shares of NYSE GLOB traded up $1.69 during trading hours on Friday, hitting $180.83. 375,732 shares of the stock were exchanged, compared to its average volume of 344,739. The company's 50 day moving average is $204.22 and its 200 day moving average is $212.18. The firm has a market capitalization of $7.79 billion, a P/E ratio of 49.82, a P/E/G ratio of 1.37 and a beta of 1.35. Globant S.A. has a one year low of $135.40 and a one year high of $251.50.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.08). The firm had revenue of $580.71 million for the quarter, compared to the consensus estimate of $579.70 million. Globant had a return on equity of 11.38% and a net margin of 7.56%. Research analysts anticipate that Globant S.A. will post 5.03 earnings per share for the current fiscal year.

About Globant

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.