Luxoft Holding, Inc. (NYSE:LXFT) received a $68.00 target price from equities researchers at Cowen and Company in a research report issued on Friday. The firm currently has a “buy” rating on the software maker’s stock. Cowen and Company’s price target suggests a potential upside of 11.11% from the company’s previous close.

Several other equities research analysts have also recently weighed in on LXFT. Cantor Fitzgerald reissued a “hold” rating and issued a $55.00 price objective on shares of Luxoft Holding in a research report on Tuesday, May 23rd. BidaskClub cut Luxoft Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research cut Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.83.

Analyst Recommendations for Luxoft Holding (NYSE:LXFT)

Shares of Luxoft Holding (LXFT) traded up 1.96% during mid-day trading on Friday, hitting $62.40. 72,856 shares of the company were exchanged. The stock’s 50-day moving average price is $63.53 and its 200 day moving average price is $59.66. The stock has a market cap of $2.09 billion, a PE ratio of 33.91 and a beta of 1.45. Luxoft Holding has a 12-month low of $46.58 and a 12-month high of $67.85.

Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.05. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. The business had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million. During the same period in the prior year, the company posted $0.56 earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts anticipate that Luxoft Holding will post $3.41 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXFT. State Street Corp raised its stake in shares of Luxoft Holding by 350.7% in the fourth quarter. State Street Corp now owns 78,901 shares of the software maker’s stock worth $4,434,000 after buying an additional 61,393 shares during the period. Morgan Stanley raised its stake in shares of Luxoft Holding by 6.5% in the first quarter. Morgan Stanley now owns 2,623,017 shares of the software maker’s stock worth $164,070,000 after buying an additional 159,716 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Luxoft Holding during the fourth quarter worth $11,314,000. FMR LLC raised its stake in shares of Luxoft Holding by 4.0% in the fourth quarter. FMR LLC now owns 1,523,626 shares of the software maker’s stock worth $85,627,000 after buying an additional 58,976 shares during the period. Finally, Norges Bank acquired a new stake in shares of Luxoft Holding during the fourth quarter worth $10,023,000.

Luxoft Holding 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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