Hantz Financial Services Inc. Raises Position in Globant S.A. $GLOB

Hantz Financial Services Inc. grew its holdings in shares of Globant S.A. (NYSE:GLOB) by 8.5% during the second quarter, HoldingsChannel reports. The firm owned 16,837 shares of the information technology services provider’s stock after purchasing an additional 1,312 shares during the quarter. Hantz Financial Services Inc.’s holdings in Globant were worth $1,529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GLOB. Brooklyn Investment Group increased its holdings in shares of Globant by 194.4% during the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider’s stock worth $25,000 after buying an additional 140 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Globant during the 1st quarter worth $39,000. Signaturefd LLC increased its holdings in shares of Globant by 29.7% during the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider’s stock worth $46,000 after buying an additional 89 shares during the last quarter. State of Wyoming increased its holdings in shares of Globant by 53.1% during the 1st quarter. State of Wyoming now owns 493 shares of the information technology services provider’s stock worth $58,000 after buying an additional 171 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Globant by 30.1% during the 2nd quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock worth $58,000 after buying an additional 147 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Trading Up 2.4%

NYSE GLOB opened at $61.49 on Friday. The stock has a market cap of $2.71 billion, a P/E ratio of 25.00, a PEG ratio of 5.86 and a beta of 1.17. The company’s fifty day simple moving average is $60.10 and its 200-day simple moving average is $83.70. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. Globant S.A. has a 52 week low of $54.36 and a 52 week high of $238.32.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. The firm had revenue of $614.18 million for the quarter, compared to the consensus estimate of $612.66 million. Globant had a net margin of 4.44% and a return on equity of 10.76%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. Equities research analysts predict that Globant S.A. will post 5.73 EPS for the current fiscal year.

Globant declared that its board has authorized a share repurchase plan on Wednesday, October 1st that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Globant from an “overweight” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Friday, August 15th. Scotiabank upgraded Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 price objective for the company in a report on Monday, July 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Globant to a “hold” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globant in a research report on Thursday, July 17th. They set a “hold” rating and a $87.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $122.13.

Globant 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.