Kirr Marbach & Co. LLC IN Acquires New Stake in Luxoft Holding Inc (NYSE:LXFT)

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.

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About Luxoft

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.

Institutional Ownership by Quarter for Luxoft (NYSE:LXFT)

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