Bank of Nova Scotia Has $21.71 Million Stock Position in Globant S.A. $GLOB

Bank of Nova Scotia boosted its holdings in Globant S.A. (NYSE:GLOB) by 9,602.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 378,400 shares of the information technology services provider’s stock after purchasing an additional 374,500 shares during the quarter. Bank of Nova Scotia’s holdings in Globant were worth $21,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GLOB. Principal Financial Group Inc. grew its position in shares of Globant by 27.6% during the 3rd quarter. Principal Financial Group Inc. now owns 185,263 shares of the information technology services provider’s stock worth $10,630,000 after buying an additional 40,024 shares during the period. ING Groep NV acquired a new position in shares of Globant during the 3rd quarter valued at $8,657,000. Border to Coast Pensions Partnership Ltd boosted its stake in Globant by 38.3% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 214,167 shares of the information technology services provider’s stock worth $12,289,000 after acquiring an additional 59,330 shares in the last quarter. Invesco Ltd. boosted its stake in Globant by 199.1% during the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after acquiring an additional 1,881,940 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Globant by 106.7% in the third quarter. Citigroup Inc. now owns 324,199 shares of the information technology services provider’s stock worth $18,603,000 after purchasing an additional 167,341 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLOB has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Guggenheim cut their price objective on shares of Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their target price on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. Finally, Truist Financial assumed coverage on Globant in a research note on Tuesday, January 6th. They set a “hold” rating and a $72.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.27.

Globant Stock Performance

GLOB opened at $44.47 on Tuesday. Globant S.A. has a 1-year low of $40.76 and a 1-year high of $142.24. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.63 and a beta of 1.22. The company’s fifty day moving average price is $57.38 and its two-hundred day moving average price is $60.46. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

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, meeting analysts’ consensus estimates of $1.54. The firm had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $1.75 earnings per share. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. On average, analysts expect that Globant S.A. will post 5.73 EPS for the current fiscal year.

About Globant

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.