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

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Globant S.A. (NYSE:GLOB) by 25.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned 0.14% of Globant worth $3,657,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Globant in the 1st quarter valued at approximately $447,000. Goldman Sachs Group Inc. grew its holdings in Globant by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after purchasing an additional 30,386 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 246 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Globant by 27.9% in the second quarter. Avior Wealth Management LLC now owns 3,850 shares of the information technology services provider’s stock worth $350,000 after buying an additional 841 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Globant during the 2nd quarter worth $1,855,000. Institutional investors own 91.60% of the company’s stock.

Globant Trading Up 1.1%

Globant stock opened at $69.91 on Thursday. The business has a 50 day moving average price of $66.98 and a two-hundred day moving average price of $66.85. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.16. Globant S.A. has a 12 month low of $54.36 and a 12 month high of $228.98. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 6.37 and a beta of 1.21.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, November 13th. The information technology services provider reported $1.53 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Globant has set its FY 2025 guidance at 6.120- EPS and its Q4 2025 guidance at 1.530- EPS. As a group, equities analysts forecast that Globant S.A. will post 5.73 EPS for the current year.

Globant announced that its board has authorized a share repurchase plan on Wednesday, October 1st that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLOB. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on Globant from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 14th. 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. Citigroup upgraded Globant to a “hold” rating in a research note on Thursday, October 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company 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.