TD Asset Management Inc Lowers Holdings in Globant S.A. $GLOB

TD Asset Management Inc reduced its position in shares of Globant S.A. (NYSE:GLOB) by 33.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 76,594 shares of the information technology services provider’s stock after selling 38,388 shares during the period. TD Asset Management Inc’s holdings in Globant were worth $4,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its position in shares of Globant by 199.1% during the 2nd quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after buying an additional 1,881,940 shares in the last quarter. ARGA Investment Management LP raised its holdings in shares of Globant by 14,073.7% in the third quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock valued at $118,065,000 after acquiring an additional 2,043,077 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Globant by 34.1% in the second quarter. Westfield Capital Management Co. LP now owns 1,100,526 shares of the information technology services provider’s stock worth $99,972,000 after acquiring an additional 280,081 shares during the period. Schroder Investment Management Group lifted its stake in Globant by 20.1% in the second quarter. Schroder Investment Management Group now owns 1,006,175 shares of the information technology services provider’s stock worth $91,401,000 after acquiring an additional 168,700 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Globant by 6,875.8% during the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock worth $84,413,000 after acquiring an additional 915,924 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GLOB shares. UBS Group restated a “neutral” rating and issued a $75.00 price target on shares of Globant in a report on Monday, January 19th. JPMorgan Chase & Co. reduced their price objective on shares of Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company dropped their target price on Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Monday. Needham & Company LLC cut their price target on Globant from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Guggenheim reduced their price target on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $81.27.

Globant Price Performance

Shares of GLOB opened at $49.79 on Wednesday. The company has a 50 day moving average of $60.57 and a two-hundred day moving average of $61.69. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 5.27 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant S.A. has a twelve month low of $40.76 and a twelve month high of $147.89.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, hitting the consensus estimate of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The firm had revenue of $612.47 million for the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the business earned $1.75 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, analysts predict that Globant S.A. will post 5.73 earnings per share for the current fiscal year.

Globant 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.