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.

Analyst Recommendations for Luxoft Holding (NYSE:LXFT)

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