Equities research analysts at VTB Capital initiated coverage on shares of Luxoft Holding, Inc. (NYSE:LXFT) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.

Several other equities research analysts have also issued reports on LXFT. Zacks Investment Research raised Luxoft Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Cantor Fitzgerald reissued a “hold” rating and set a $55.00 price target on shares of Luxoft Holding in a research report on Tuesday, May 23rd. Cowen and Company upped their price target on Luxoft Holding from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, May 24th. UBS AG reissued a “neutral” rating and set a $66.00 price target (up from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Finally, BidaskClub downgraded Luxoft Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.29.

Luxoft Holding (NYSE:LXFT) opened at 48.45 on Tuesday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 30.32 and a beta of 1.46. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85. The company has a 50-day moving average of $61.01 and a 200-day moving average of $61.04.

Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings results on Monday, May 22nd. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The firm had revenue of $204.10 million for the quarter, compared to analyst estimates of $202.30 million. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Equities research analysts expect that Luxoft Holding will post $3.12 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of Luxoft Holding by 9.1% in the second quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after buying an additional 168 shares during the last quarter. Bank of America Corp DE increased its position in shares of Luxoft Holding by 305.1% in the first quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock worth $139,000 after buying an additional 1,678 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Luxoft Holding during the first quarter worth approximately $204,000. Pacad Investment Ltd. increased its position in shares of Luxoft Holding by 50.0% in the second quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after buying an additional 1,100 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Luxoft Holding 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 buying an additional 2,215 shares during the last quarter. Hedge funds and other institutional investors own 94.78% of the company’s stock.

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.

The Fly

Analyst Recommendations for Luxoft Holding (NYSE:LXFT)

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