Luxoft Holding, Inc. (NYSE:LXFT) – KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for Luxoft Holding in a note issued to investors on Sunday. KeyCorp analyst A. Ramnani now forecasts that the software maker will post earnings per share of $0.54 for the quarter, down from their prior forecast of $0.60. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Luxoft Holding’s Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.75 EPS and FY2019 earnings at $2.86 EPS.

LXFT has been the subject of a number of other research reports. 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 for the company. Cowen and Company set a $63.00 price objective on Luxoft Holding and gave the company a “buy” rating in a research report on Friday, August 11th. 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, Wedbush lowered Luxoft Holding from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $60.80 to $67.00 in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Luxoft Holding currently has a consensus rating of “Hold” and an average price target of $62.67.

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Luxoft Holding (NYSE LXFT) traded up $0.05 during trading hours on Tuesday, reaching $46.45. The company’s stock had a trading volume of 251,800 shares, compared to its average volume of 202,900. The company has a market capitalization of $1,027.10, a PE ratio of 22.20 and a beta of 1.45. Luxoft Holding has a twelve month low of $40.15 and a twelve month high of $67.85.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its stake in 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 purchasing an additional 168 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 purchasing an additional 1,678 shares during the last quarter. Pacad Investment Ltd. lifted its stake in 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 purchasing an additional 1,100 shares during the last quarter. Wells Fargo & Company MN lifted its stake in 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 purchasing an additional 2,215 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Luxoft Holding during the second quarter valued at approximately $210,000. Institutional investors own 80.69% of the company’s stock.

About Luxoft Holding

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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