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

Hantz Financial Services Inc. raised its holdings in Globant S.A. (NYSE:GLOB) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in GLOB. Signaturefd LLC boosted its stake 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 acquiring an additional 89 shares in the last quarter. Brooklyn Investment Group boosted its stake 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 acquiring an additional 140 shares in the last quarter. CWM LLC boosted its stake 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 acquiring an additional 147 shares in the last quarter. State of Wyoming boosted its stake 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 acquiring an additional 171 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of Globant by 4.7% during the 1st quarter. Xponance Inc. now owns 4,943 shares of the information technology services provider’s stock worth $582,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

GLOB has been the topic of several research analyst reports. Wells Fargo & Company raised Globant to a “hold” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a research note on Thursday, July 17th. They set a “hold” rating and a $87.00 price target on the stock. UBS Group decreased their price target on Globant from $120.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lowered Globant from an “overweight” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Globant in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.13.

Globant Price Performance

GLOB stock opened at $61.49 on Friday. Globant S.A. has a 1 year low of $54.36 and a 1 year high of $238.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. The stock’s 50 day moving average price is $60.10 and its 200 day moving average price is $83.70. The firm 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.

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

Globant declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 1st that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the information technology services provider to buy up to 5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Globant Company 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.