Seventeen research firms currently cover Globant, with one issuing a sell recommendation, ten rating the stock as hold and six labeling it a buy. Recent notes include a neutral stance from JPMorgan Chase & Co. and UBS Group, both lowering or reaffirming their views, while Wells Fargo & Company upgraded to hold. The dispersion in ratings highlights divergent expectations about the company’s near-term growth prospects and valuation relative to peers.

In the third quarter, Globant reported revenue of $617.14 million, slightly ahead of consensus expectations of $615.32 million but representing just 0.4% year-over-year growth. Earnings per share of $1.53 fell short of the $1.55 consensus estimate. The information technology services provider posted a net margin of 4.01% and a return on equity of 10.39%. Management set full-year guidance of 6.12 EPS and Q4 guidance of 1.53 EPS, while analysts currently forecast about 5.73 EPS for the fiscal year.

Globant’s board approved a share repurchase program authorizing up to $125 million of buybacks, equivalent to approximately 5% of shares outstanding. This move signals management’s confidence that the current valuation understates the company’s long-term earnings potential and cash-flow generation capabilities.

Institutional investors and hedge funds own over 91% of Globant’s shares. In the second quarter, Invesco increased its position by 199.1% to 2.83 million shares, ARGA Investment Management grew by a record 14,073.7% to 2.06 million shares, Westfield Capital added 34.1% to reach 1.10 million shares, Schroder Investment Management boosted holdings by 20.1% to 1.01 million shares, and AllianceBernstein lifted its stake by 6,875.8% to 929,245 shares. These shifts underscore active repositioning among large investors ahead of year-end.