Zions Bancorporation N.A. Purchases 965 Shares of Globant S.A. (NYSE:GLOB)

Zions Bancorporation N.A. increased its position in shares of Globant S.A. (NYSE:GLOB) by 18.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,334 shares of the information technology services provider’s stock after acquiring an additional 965 shares during the period. Zions Bancorporation N.A.’s holdings in Globant were worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP increased its stake in shares of Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 143 shares during the period. Ridgewood Investments LLC acquired a new position in Globant in the 2nd quarter valued at approximately $31,000. BOKF NA raised its stake in shares of Globant by 15,800.0% during the first quarter. BOKF NA now owns 159 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 158 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 76 shares during the period. Finally, American National Bank & Trust lifted its holdings in shares of Globant by 430.2% during the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Stock Down 3.5 %

Shares of Globant stock opened at $228.52 on Friday. Globant S.A. has a twelve month low of $151.68 and a twelve month high of $251.50. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 59.67, a price-to-earnings-growth ratio of 2.91 and a beta of 1.39. The company’s 50 day moving average is $208.23 and its 200 day moving average is $190.61.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 15th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $586.72 million. During the same period last year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts expect that Globant S.A. will post 5.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on GLOB. Jefferies Financial Group lifted their price target on shares of Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Canaccord Genuity Group lifted their price target on shares of Globant from $175.00 to $205.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Citigroup lifted their price target on shares of Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft assumed 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

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.