Universal Beteiligungs und Servicegesellschaft mbH Has $3.66 Million Holdings in Globant S.A. $GLOB

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Globant S.A. (NYSE:GLOB) by 25.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,733 shares of the information technology services provider’s stock after selling 21,291 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Globant were worth $3,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of Globant by 30.1% during the second quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Baker Avenue Asset Management LP increased its position in shares of Globant by 2.0% during the 2nd quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider’s stock worth $728,000 after purchasing an additional 156 shares in the last quarter. Allworth Financial LP lifted its holdings in Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 197 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Globant by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 39,534 shares of the information technology services provider’s stock valued at $3,591,000 after purchasing an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Globant by 33.2% in the second quarter. GAMMA Investing LLC now owns 988 shares of the information technology services provider’s stock valued at $90,000 after buying an additional 246 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Up 1.1%

NYSE:GLOB opened at $69.91 on Thursday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 6.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.93 and a current ratio of 1.93. The stock’s fifty day moving average price is $66.98 and its two-hundred day moving average price is $66.85. Globant S.A. has a 52-week low of $54.36 and a 52-week high of $228.98.

Globant (NYSE:GLOB) last released its earnings results on Thursday, November 13th. The information technology services provider reported $1.53 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.02). Globant had a net margin of 4.01% and a return on equity of 10.39%. The firm had revenue of $617.14 million during the quarter, compared to analyst estimates of $615.32 million. During the same period last year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Globant has set its FY 2025 guidance at 6.120- EPS and its Q4 2025 guidance at 1.530- EPS. On average, analysts anticipate that Globant S.A. will post 5.73 EPS for the current year.

Globant declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 1st that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GLOB shares. UBS Group reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Globant in a report on Monday, January 19th. Citigroup upgraded Globant to a “hold” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group cut their price objective on Globant from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Truist Financial started coverage on Globant in a research note on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price objective on the stock. Finally, Canaccord Genuity Group lowered their target price on Globant from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Globant currently has an average rating of “Hold” and an average target price of $97.75.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.