Janus Henderson Group PLC Has $15.14 Million Stock Position in Globant S.A. (NYSE:GLOB)

Janus Henderson Group PLC grew its holdings in shares of Globant S.A. (NYSE:GLOB) by 74.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,628 shares of the information technology services provider’s stock after buying an additional 30,042 shares during the quarter. Janus Henderson Group PLC owned 0.16% of Globant worth $15,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new position in Globant during the fourth quarter worth about $38,000. Kestra Investment Management LLC bought a new stake in Globant in the fourth quarter worth about $38,000. Van Berkom & Associates Inc. bought a new stake in Globant in the fourth quarter worth about $45,000. Promus Capital LLC bought a new stake in Globant in the fourth quarter worth about $64,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Globant in the fourth quarter worth about $81,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Trading Down 24.3%

Globant stock opened at $100.58 on Friday. The firm’s 50 day simple moving average is $118.69 and its 200 day simple moving average is $177.42. The firm has a market capitalization of $4.43 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. Globant S.A. has a 1-year low of $88.03 and a 1-year high of $238.32.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, May 15th. The information technology services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.08). The firm had revenue of $611.09 million for the quarter, compared to the consensus estimate of $622.18 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. Research analysts forecast that Globant S.A. will post 5.73 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on GLOB shares. Piper Sandler lowered shares of Globant from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $154.00 to $116.00 in a research report on Friday. Guggenheim lowered their price objective on shares of Globant from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com lowered shares of Globant from a “hold” rating to a “sell” rating in a research report on Sunday, May 11th. Scotiabank lowered their price objective on shares of Globant from $170.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Finally, Needham & Company LLC lowered their price objective on shares of Globant from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.24.

Globant 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.