Raymond James Financial Inc. Has $10.76 Million Stock Holdings in Globant S.A. $GLOB

Raymond James Financial Inc. grew its position in shares of Globant S.A. (NYSE:GLOB) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,427 shares of the information technology services provider’s stock after purchasing an additional 13,369 shares during the quarter. Raymond James Financial Inc. owned approximately 0.21% of Globant worth $10,763,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Globant by 29.7% during the first quarter. Signaturefd LLC now owns 389 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 89 shares in the last quarter. Blue Trust Inc. raised its position in shares of Globant by 23.6% during the first quarter. Blue Trust Inc. now owns 607 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 116 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Globant by 4.8% during the fourth quarter. Benjamin Edwards Inc. now owns 3,320 shares of the information technology services provider’s stock worth $712,000 after acquiring an additional 151 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Globant by 140.9% during the first quarter. Physician Wealth Advisors Inc. now owns 265 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Finally, Xponance Inc. raised its position in shares of Globant by 4.7% during the first 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 during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GLOB shares. Scotiabank upgraded Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 price objective for the company in a research report on Monday, July 21st. Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of Globant in a research report on Tuesday, June 10th. JPMorgan Chase & Co. downgraded Globant from an “overweight” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research report on Friday, August 15th. Mizuho set a $153.00 price objective on Globant and gave the stock an “outperform” rating in a research report on Monday, May 19th. Finally, Needham & Company LLC lowered their price objective on Globant from $115.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.47.

Globant Trading Down 0.4%

Shares of GLOB stock opened at $67.20 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 27.32, a PEG ratio of 2.98 and a beta of 1.16. The stock has a 50 day simple moving average of $82.20 and a two-hundred day simple moving average of $109.21. 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 S.A. has a fifty-two week low of $64.51 and a fifty-two week high of $238.32.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The business had revenue of $614.18 million during 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. Research analysts forecast that Globant S.A. will post 5.73 earnings per share for the current 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.