Shares of Luxoft Holding Inc (NYSE:LXFT) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $60.75.
Several research firms recently commented on LXFT. UBS Group raised their target price on Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating and set a $59.00 target price for the company in a research note on Thursday, November 23rd. KeyCorp raised Luxoft from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, December 5th. Pivotal Research began coverage on Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 target price for the company. Finally, BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Luxoft by 5.4% in the second quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock valued at $125,239,000 after acquiring an additional 105,039 shares during the period. Wasatch Advisors Inc. grew its stake in Luxoft by 4.2% in the third quarter. Wasatch Advisors Inc. now owns 1,714,881 shares of the software maker’s stock valued at $81,971,000 after acquiring an additional 69,234 shares during the period. Prudential PLC grew its stake in Luxoft by 2.4% in the second quarter. Prudential PLC now owns 782,042 shares of the software maker’s stock valued at $47,587,000 after acquiring an additional 18,476 shares during the period. NWQ Investment Management Company LLC grew its stake in Luxoft by 90.5% in the third quarter. NWQ Investment Management Company LLC now owns 603,218 shares of the software maker’s stock valued at $28,834,000 after acquiring an additional 286,497 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Luxoft by 100.8% in the third quarter. Dimensional Fund Advisors LP now owns 245,276 shares of the software maker’s stock valued at $11,724,000 after acquiring an additional 123,126 shares during the period. 52.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Luxoft (NYSE LXFT) opened at $57.15 on Tuesday. The firm has a market capitalization of $1,925.78, a PE ratio of 34.22 and a beta of 1.48. Luxoft has a one year low of $40.15 and a one year high of $67.85.
Luxoft (NYSE:LXFT) last released its earnings results on Thursday, November 16th. The software maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. equities research analysts anticipate that Luxoft will post 2.18 earnings per share for the current fiscal year.
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Luxoft Company Profile
Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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