American Century Companies Inc. Buys 16,926 Shares of Globant S.A. (NYSE:GLOB)

American Century Companies Inc. lifted its stake in Globant S.A. (NYSE:GLOB - Free Report) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,229 shares of the information technology services provider's stock after purchasing an additional 16,926 shares during the period. American Century Companies Inc. owned 0.55% of Globant worth $50,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GLOB. Wasatch Advisors LP increased its stake in shares of Globant by 2.6% in the third quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider's stock worth $689,553,000 after purchasing an additional 88,829 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Globant by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider's stock worth $469,316,000 after buying an additional 153,385 shares during the period. Victory Capital Management Inc. increased its stake in Globant by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,606,110 shares of the information technology services provider's stock worth $344,382,000 after buying an additional 96,257 shares in the last quarter. Jennison Associates LLC raised its holdings in Globant by 0.6% during the fourth quarter. Jennison Associates LLC now owns 802,547 shares of the information technology services provider's stock valued at $172,082,000 after acquiring an additional 4,970 shares during the period. Finally, abrdn plc lifted its position in shares of Globant by 36.7% in the fourth quarter. abrdn plc now owns 470,150 shares of the information technology services provider's stock valued at $101,564,000 after acquiring an additional 126,333 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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Globant Trading Down 6.3 %

Shares of NYSE GLOB traded down $7.92 during trading hours on Friday, hitting $118.48. 1,084,513 shares of the company traded hands, compared to its average volume of 558,663. The company's 50 day moving average price is $174.61 and its 200 day moving average price is $200.39. Globant S.A. has a 12 month low of $117.61 and a 12 month high of $238.32. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.38 and a beta of 1.47.

Globant (NYSE:GLOB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.39). The firm had revenue of $642.48 million for the quarter, compared to the consensus estimate of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. Equities analysts anticipate that Globant S.A. will post 5.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GLOB shares. Redburn Atlantic upgraded Globant from a "sell" rating to a "neutral" rating and increased their target price for the stock from $140.00 to $150.00 in a research report on Tuesday, February 25th. StockNews.com lowered shares of Globant from a "hold" rating to a "sell" rating in a report on Saturday. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Globant in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Globant from $248.00 to $242.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Finally, UBS Group decreased their price target on shares of Globant from $217.00 to $190.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $219.71.

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.