Segall Bryant & Hamill LLC Has $25.32 Million Holdings in Globant S.A. (NYSE:GLOB)

Segall Bryant & Hamill LLC boosted its stake in Globant S.A. (NYSE:GLOB - Free Report) by 364.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,065 shares of the information technology services provider's stock after buying an additional 92,661 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.27% of Globant worth $25,315,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GLOB. Natixis Advisors LLC boosted its stake in shares of Globant by 30.4% in the 3rd quarter. Natixis Advisors LLC now owns 13,468 shares of the information technology services provider's stock valued at $2,669,000 after purchasing an additional 3,142 shares in the last quarter. Cerity Partners LLC lifted its holdings in Globant by 31.0% during the 3rd quarter. Cerity Partners LLC now owns 15,022 shares of the information technology services provider's stock valued at $2,977,000 after purchasing an additional 3,556 shares during the last quarter. Fisher Asset Management LLC boosted its position in Globant by 5.1% in the third quarter. Fisher Asset Management LLC now owns 27,591 shares of the information technology services provider's stock valued at $5,467,000 after buying an additional 1,343 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Globant during the third quarter worth about $8,445,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Globant by 32.1% during the third quarter. Brown Brothers Harriman & Co. now owns 204,135 shares of the information technology services provider's stock worth $40,447,000 after buying an additional 49,597 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on GLOB shares. Needham & Company LLC restated a "buy" rating and set a $220.00 price target on shares of Globant in a research report on Wednesday, March 12th. 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 report on Tuesday, February 25th. UBS Group cut their price target on Globant from $217.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group reduced their price target on shares of Globant from $205.00 to $165.00 and set a "hold" rating on the stock in a research report on Monday, February 24th. Finally, Scotiabank lowered their price objective on shares of Globant from $220.00 to $170.00 and set a "sector perform" rating for the company in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $219.71.

Globant Stock Down 6.5 %

Globant stock traded down $8.26 during mid-day trading on Friday, hitting $118.14. 568,659 shares of the company's stock were exchanged, compared to its average volume of 556,748. The company's 50 day simple moving average is $176.51 and its 200-day simple moving average is $200.93. The firm has a market capitalization of $5.20 billion, a P/E ratio of 31.71, a PEG ratio of 2.38 and a beta of 1.47. Globant S.A. has a fifty-two week low of $117.79 and a fifty-two week high of $238.32.

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