Impax Asset Management Group plc Has $1.64 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

Impax Asset Management Group plc boosted its position in shares of Globant S.A. (NYSE:GLOB) by 26.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,269 shares of the information technology services provider’s stock after purchasing an additional 1,711 shares during the period. Impax Asset Management Group plc’s holdings in Globant were worth $1,638,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GLOB. Quarry LP boosted its holdings in Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Globant during the 2nd quarter worth about $31,000. BOKF NA boosted its stake in shares of Globant by 15,800.0% during the 1st quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 158 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Globant by 65.5% during the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. Finally, American National Bank & Trust raised its stake in shares of Globant by 430.2% in the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GLOB has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Globant from $235.00 to $240.00 and gave the company a “buy” rating in a report on Monday, September 9th. TD Cowen lifted their target price on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. KeyCorp lifted their price objective on Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Citigroup increased their target price on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $228.50.

Globant Stock Performance

NYSE GLOB opened at $203.29 on Friday. Globant S.A. has a 52 week low of $151.68 and a 52 week high of $251.50. The stock has a market capitalization of $8.76 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 2.91 and a beta of 1.39. The stock has a fifty day moving average of $208.98 and a 200-day moving average of $191.01.

Globant (NYSE:GLOB) last released its earnings results on Thursday, August 15th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. Globant had a net margin of 7.39% and a return on equity of 11.68%. The company had revenue of $587.46 million for the quarter, compared to the consensus estimate of $586.72 million. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Equities research analysts forecast that Globant S.A. will post 5.06 earnings per share for the current fiscal year.

About Globant

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.