Segall Bryant & Hamill LLC Cuts Stock Holdings in Globant S.A. $GLOB

Segall Bryant & Hamill LLC lessened its holdings in Globant S.A. (NYSE:GLOB) by 54.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,828 shares of the information technology services provider’s stock after selling 52,760 shares during the quarter. Segall Bryant & Hamill LLC owned 0.10% of Globant worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLOB. Allworth Financial LP lifted its holdings in shares of Globant by 214.1% in the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 197 shares during the period. Geneos Wealth Management Inc. grew its holdings in Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 352 shares during the period. SJS Investment Consulting Inc. raised its position in Globant by 27,766.7% in the third quarter. SJS Investment Consulting Inc. now owns 836 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 833 shares in the last quarter. CWM LLC lifted its holdings in Globant by 35.4% in the third quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 225 shares during the period. Finally, Covestor Ltd boosted its position in shares of Globant by 105.5% during the 3rd quarter. Covestor Ltd now owns 1,005 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC cut their price target on shares of Globant from $80.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 27th. Mizuho lowered their target price on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group reiterated a “neutral” rating and set a $75.00 price target on shares of Globant in a research report on Monday, January 19th. JPMorgan Chase & Co. decreased their price target on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Truist Financial started coverage on Globant in a research note on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price objective for the company. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Globant has a consensus rating of “Hold” and a consensus target price of $81.27.

Globant Stock Up 2.6%

Shares of NYSE GLOB opened at $53.34 on Friday. The firm’s 50-day moving average is $59.96 and its two-hundred day moving average is $61.56. The company has a market capitalization of $2.34 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. Globant S.A. has a 12-month low of $40.76 and a 12-month high of $145.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.93.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The firm had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the firm posted $1.75 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities analysts anticipate that Globant S.A. will post 5.73 EPS for the current fiscal year.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.