American Century Companies Inc. Has $16.83 Million Holdings in Globant S.A. $GLOB

American Century Companies Inc. cut its position in Globant S.A. (NYSE:GLOB) by 39.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,993 shares of the information technology services provider’s stock after selling 94,236 shares during the period. American Century Companies Inc. owned 0.32% of Globant worth $16,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Globant by 6.8% in the first quarter. Principal Financial Group Inc. now owns 134,798 shares of the information technology services provider’s stock valued at $15,868,000 after buying an additional 8,599 shares in the last quarter. Cetera Investment Advisers boosted its position in Globant by 23.7% in the first quarter. Cetera Investment Advisers now owns 24,926 shares of the information technology services provider’s stock valued at $2,934,000 after buying an additional 4,774 shares in the last quarter. Dalton Investments Inc. boosted its position in Globant by 58.6% in the first quarter. Dalton Investments Inc. now owns 31,654 shares of the information technology services provider’s stock valued at $3,726,000 after buying an additional 11,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Globant by 15.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,493 shares of the information technology services provider’s stock valued at $2,648,000 after buying an additional 2,967 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in Globant by 1.4% in the first quarter. Stephens Investment Management Group LLC now owns 291,410 shares of the information technology services provider’s stock valued at $34,305,000 after buying an additional 3,943 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Globant Price Performance

GLOB opened at $69.6890 on Monday. The company has a fifty day moving average price of $84.49 and a two-hundred day moving average price of $113.69. The firm has a market capitalization of $3.07 billion, a PE ratio of 28.33, a P/E/G ratio of 3.09 and a beta of 1.16. Globant S.A. has a 52 week low of $64.51 and a 52 week 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.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Globant from $120.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Globant from a “sell” rating to a “hold” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. lowered shares of Globant from an “overweight” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Friday, August 15th. Scotiabank upgraded shares of Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 target price on the stock in a research report on Monday, July 21st. Finally, Guggenheim reiterated a “buy” rating and set a $125.00 target price on shares of Globant in a research report on Tuesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.47.

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.