Mount Yale Investment Advisors LLC Has $531,000 Holdings in Globant S.A. (NYSE:GLOB)

Mount Yale Investment Advisors LLC trimmed its position in Globant S.A. (NYSE:GLOB) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,680 shares of the information technology services provider’s stock after selling 109 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Globant were worth $531,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. 17 Capital Partners LLC lifted its position in shares of Globant by 1.6% in the 2nd quarter. 17 Capital Partners LLC now owns 3,455 shares of the information technology services provider’s stock valued at $616,000 after acquiring an additional 55 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Globant by 65.5% in the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Signaturefd LLC boosted its position in shares of Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after buying an additional 92 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Globant by 6.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the information technology services provider’s stock valued at $352,000 after buying an additional 118 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Globant by 17.9% during the second quarter. Blue Trust Inc. now owns 831 shares of the information technology services provider’s stock valued at $148,000 after buying an additional 126 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on Globant from $200.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 21st. Needham & Company LLC raised their price target on shares of Globant from $200.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Canaccord Genuity Group upped their price objective on shares of Globant from $175.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Globant in a research note on Thursday, August 22nd. They set a “hold” rating and a $210.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target (up from $238.00) on shares of Globant in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Globant Stock Down 0.5 %

Shares of GLOB stock opened at $218.04 on Friday. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The company has a market cap of $9.40 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.39. The business’s 50 day moving average is $202.75 and its two-hundred day moving average is $187.37.

Globant (NYSE:GLOB) last posted 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 business had revenue of $587.46 million for the quarter, compared to analyst estimates of $586.72 million. During the same period last year, the business posted $1.04 EPS. Globant’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts expect that Globant S.A. will post 5.02 EPS 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.