Kirr Marbach & Co. LLC IN bought a new stake in shares of Luxoft Holding Inc (NYSE:LXFT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 81,510 shares of the software maker’s stock, valued at approximately $4,540,000. Kirr Marbach & Co. LLC IN owned about 0.24% of Luxoft at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in Luxoft by 9.1% during the second quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after buying an additional 168 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Luxoft by 182.0% in the second quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after purchasing an additional 2,215 shares during the period. Trexquant Investment LP boosted its position in shares of Luxoft by 64.4% in the third quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock worth $271,000 after purchasing an additional 2,218 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Luxoft in the second quarter worth approximately $344,000. Finally, Janney Capital Management LLC boosted its position in shares of Luxoft by 75.4% in the third quarter. Janney Capital Management LLC now owns 8,898 shares of the software maker’s stock worth $425,000 after purchasing an additional 3,825 shares during the period. 52.23% of the stock is owned by institutional investors and hedge funds.
Luxoft Holding Inc (NYSE LXFT) opened at $53.30 on Wednesday. Luxoft Holding Inc has a 12-month low of $40.15 and a 12-month high of $67.85. The firm has a market cap of $1,780.89, a price-to-earnings ratio of 32.46 and a beta of 1.42.
Luxoft (NYSE:LXFT) last issued its earnings results on Thursday, November 16th. The software maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. Luxoft had a net margin of 6.72% and a return on equity of 17.81%. The firm had revenue of $228.03 million during the quarter, compared to analyst estimates of $227.09 million. equities analysts forecast that Luxoft Holding Inc will post 2.18 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on LXFT shares. BidaskClub upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Luxoft in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Luxoft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Cantor Fitzgerald reiterated a “hold” rating and issued a $47.00 price target on shares of Luxoft in a research report on Friday, November 17th. Finally, UBS Group upped their target price on shares of Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Luxoft currently has a consensus rating of “Hold” and a consensus target price of $63.00.
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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