Luxoft Holding’s (LXFT) Hold Rating Reiterated at KeyCorp
Luxoft Holding, Inc. (NYSE:LXFT)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a report issued on Friday.
Several other equities analysts have also commented on the company. BidaskClub lowered Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Cowen and Company reiterated a “buy” rating and set a $63.00 price objective on shares of Luxoft Holding in a research report on Thursday, October 12th. Credit Suisse Group lowered Luxoft Holding from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. Zacks Investment Research lowered Luxoft Holding from a “buy” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, VTB Capital began coverage on Luxoft Holding in a research report on Tuesday, August 15th. They set a “buy” rating and a $65.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Luxoft Holding has a consensus rating of “Hold” and an average price target of $65.14.
Shares of Luxoft Holding (NYSE:LXFT) traded up $1.15 during trading on Friday, hitting $46.85. The stock had a trading volume of 133,701 shares, compared to its average volume of 182,718. The firm has a market capitalization of $1.03 billion, a PE ratio of 22.32 and a beta of 1.45.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. lifted its holdings in Luxoft Holding by 9.1% in the 2nd 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 period. Bank of America Corp DE lifted its holdings in Luxoft Holding by 305.1% in the 1st 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 period. Pacad Investment Ltd. lifted its holdings in Luxoft Holding by 50.0% in the 2nd 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 period. Wells Fargo & Company MN lifted its holdings in Luxoft Holding by 182.0% in the 2nd 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 period. Finally, Trexquant Investment LP purchased a new stake in Luxoft Holding in the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 78.68% 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.
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