Bamco Inc. NY maintained its position in Globant S.A. (NYSE:GLOB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,221 shares of the information technology services provider’s stock at the close of the 2nd quarter. Bamco Inc. NY’s holdings in Globant were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GLOB. Bank of New York Mellon Corp raised its position in shares of Globant by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 68,163 shares of the information technology services provider’s stock valued at $2,481,000 after buying an additional 605 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Globant by 73.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 26,985 shares of the information technology services provider’s stock worth $982,000 after acquiring an additional 11,383 shares during the period. SG Americas Securities LLC bought a new stake in shares of Globant during the 1st quarter worth approximately $693,000. American International Group Inc. lifted its holdings in shares of Globant by 7.1% during the 1st quarter. American International Group Inc. now owns 15,829 shares of the information technology services provider’s stock worth $576,000 after acquiring an additional 1,047 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Globant by 89.7% during the 1st quarter. Wellington Management Group LLP now owns 528,374 shares of the information technology services provider’s stock worth $19,233,000 after acquiring an additional 249,838 shares during the period. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Globant S.A. (GLOB) opened at 40.97 on Wednesday. Globant S.A. has a 12-month low of $30.90 and a 12-month high of $47.51. The stock has a 50 day moving average of $39.16 and a 200-day moving average of $39.67. The company has a market cap of $1.43 billion, a PE ratio of 49.42 and a beta of 0.88.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 17th. The information technology services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). Globant had a return on equity of 15.08% and a net margin of 8.61%. The business had revenue of $99.60 million during the quarter, compared to the consensus estimate of $95.79 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. Globant’s revenue was up 24.7% compared to the same quarter last year. On average, equities research analysts anticipate that Globant S.A. will post $1.25 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on GLOB shares. KeyCorp reissued a “hold” rating on shares of Globant in a research note on Thursday, September 28th. Cantor Fitzgerald restated a “neutral” rating and set a $42.00 price objective (up from $36.00) on shares of Globant in a research report on Friday, August 18th. BidaskClub cut Globant from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. SunTrust Banks, Inc. cut Globant from a “buy” rating to a “hold” rating and upped their target price for the stock from $43.00 to $48.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Finally, Citigroup Inc. upped their target price on Globant from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.17.

Globant Company Profile

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

Institutional Ownership by Quarter for Globant (NYSE:GLOB)

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