Strs Ohio Invests $970,000 in Globant S.A. (NYSE:GLOB)

Strs Ohio acquired a new position in shares of Globant S.A. (NYSE:GLOB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,079 shares of the information technology services provider’s stock, valued at approximately $970,000.

Other large investors have also made changes to their positions in the company. CI Investments Inc. raised its position in shares of Globant by 122.0% in the 3rd quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock worth $26,000 after buying an additional 72 shares during the period. CWM LLC raised its position in shares of Globant by 20.9% in the 3rd quarter. CWM LLC now owns 504 shares of the information technology services provider’s stock worth $100,000 after buying an additional 87 shares during the period. Carlson Capital Management purchased a new position in shares of Globant in the 4th quarter worth $205,000. Yousif Capital Management LLC purchased a new position in shares of Globant in the 3rd quarter worth $207,000. Finally, Capital Advisors Inc. OK purchased a new position in shares of Globant in the 4th quarter worth $217,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on GLOB. Piper Sandler increased their target price on Globant from $257.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Citigroup decreased their price target on Globant from $275.00 to $235.00 and set a “buy” rating for the company in a research note on Monday. HSBC decreased their price target on Globant from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Needham & Company LLC lifted their price target on Globant from $215.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their price target on Globant from $266.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.24.

Globant Trading Up 0.4 %

GLOB opened at $180.90 on Wednesday. The business’s 50 day moving average is $207.29 and its 200-day moving average is $212.53. The stock has a market cap of $7.79 billion, a PE ratio of 49.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35. Globant S.A. has a twelve month low of $135.40 and a twelve month high of $251.50.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The business had revenue of $580.71 million for the quarter, compared to the consensus estimate of $579.70 million. Globant had a net margin of 7.56% and a return on equity of 11.38%. As a group, analysts forecast that Globant S.A. will post 5.03 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.