Endurance Wealth Management Inc. Has $218,000 Stake in Globant S.A. (NYSE:GLOB)

Endurance Wealth Management Inc. lifted its holdings in shares of Globant S.A. (NYSE:GLOB) by 1,401.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,051 shares of the information technology services provider’s stock after acquiring an additional 981 shares during the period. Endurance Wealth Management Inc.’s holdings in Globant were worth $218,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. JJJ Advisors Inc. grew its holdings in Globant by 100.0% during the first quarter. JJJ Advisors Inc. now owns 150 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 75 shares during the period. Private Capital Group LLC lifted its position in shares of Globant by 378.4% in the first quarter. Private Capital Group LLC now owns 177 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 140 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of Globant in the fourth quarter worth $46,000. Pacer Advisors Inc. bought a new stake in Globant during the fourth quarter worth $67,000. Finally, Steward Partners Investment Advisory LLC raised its position in Globant by 41.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 349 shares of the information technology services provider’s stock worth $76,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

GLOB stock opened at $214.96 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.44 and a current ratio of 3.44. The company’s 50-day simple moving average is $219.36 and its 200 day simple moving average is $208.44. Globant S.A. has a 52 week low of $117.39 and a 52 week high of $244.72. The company has a market capitalization of $8.60 billion, a PE ratio of 170.60 and a beta of 1.24.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, May 13th. The information technology services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. Globant had a net margin of 6.40% and a return on equity of 10.92%. The business had revenue of $270.20 million for the quarter, compared to the consensus estimate of $259.64 million. During the same period in the prior year, the company posted $0.59 earnings per share. Globant’s revenue was up 41.0% compared to the same quarter last year. On average, analysts forecast that Globant S.A. will post 1.76 EPS for the current year.

Several analysts have issued reports on GLOB shares. Zacks Investment Research lowered shares of Globant from a “buy” rating to a “hold” rating in a research report on Monday, May 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Globant from a “neutral” rating to a “buy” rating and upped their price target for the stock from $240.00 to $243.00 in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Globant from $203.00 to $236.00 and gave the stock an “overweight” rating in a research report on Friday, February 19th. TheStreet raised shares of Globant from a “c+” rating to a “b-” rating in a research report on Thursday, February 18th. Finally, Grupo Santander began coverage on shares of Globant in a research report on Wednesday, March 10th. They set a “buy” rating and a $230.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $227.50.

Globant Profile

Globant SA operates as a technology services company worldwide. The company offers transformational programs, ROI and cost efficiency, new revenue streams, E-mission, sustainability today, up with climate, organizational design, leadership mindset and organizational upskilling, cultural strategy, talent journeys, change management, delivery management, agile consultancy, management consulting, user experience, visual and service design, industrial design, strategic architecture consulting, platforms evolution, and augmented composable services.

Featured Article: How to use beta for portfolio diversification

Want to see what other hedge funds are holding GLOB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globant S.A. (NYSE:GLOB).

Institutional Ownership by Quarter for Globant (NYSE:GLOB)

Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.