New York Life Investment Management LLC Has $1.12 Million Stock Holdings in Globant S.A. (NYSE:GLOB)

New York Life Investment Management LLC boosted its stake in shares of Globant S.A. (NYSE:GLOB) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,710 shares of the information technology services provider’s stock after buying an additional 299 shares during the period. New York Life Investment Management LLC’s holdings in Globant were worth $1,121,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CI Investments Inc. raised its position in Globant by 122.0% in the 3rd quarter. CI Investments Inc. now owns 131 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Globant in the fourth quarter valued at approximately $68,000. CWM LLC lifted its position in shares of Globant by 13.5% in the fourth quarter. CWM LLC now owns 572 shares of the information technology services provider’s stock worth $136,000 after purchasing an additional 68 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Globant by 68,900.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 690 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 689 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new position in Globant during the fourth quarter worth $201,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

GLOB has been the topic of several analyst reports. Canaccord Genuity Group reissued a “hold” rating and set a $230.00 price target on shares of Globant in a research report on Tuesday, February 20th. UBS Group raised their price target on Globant from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Citigroup dropped their price objective on Globant from $275.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Scotiabank decreased their target price on shares of Globant from $260.00 to $230.00 and set a “sector outperform” rating for the company in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Globant from $273.00 to $257.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.35.

Globant Stock Up 1.6 %

Globant stock opened at $193.91 on Wednesday. Globant S.A. has a twelve month low of $135.40 and a twelve month high of $251.50. The stock has a market cap of $8.36 billion, a P/E ratio of 53.42, a P/E/G ratio of 1.40 and a beta of 1.35. The company’s 50-day moving average price is $198.64 and its two-hundred day moving average price is $211.93.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 15th. The information technology services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). Globant had a net margin of 7.56% and a return on equity of 11.38%. The business had revenue of $580.71 million during the quarter, compared to the consensus estimate of $579.70 million. Equities analysts anticipate that Globant S.A. will post 5.03 earnings per share for the current fiscal year.

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.