Luxoft Holding, Inc. (NYSE:LXFT) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of at least $2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90. The company issued revenue guidance of at least $920 million, compared to the consensus revenue estimate of $922.72 million.

Shares of Luxoft Holding, Inc. (LXFT) traded down $0.10 during midday trading on Thursday, hitting $46.95. 573,009 shares of the company’s stock were exchanged, compared to its average volume of 206,012. Luxoft Holding, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The company has a market capitalization of $1,032.63, a P/E ratio of 22.32 and a beta of 1.45.

A number of equities analysts have weighed in on LXFT shares. VTB Capital started coverage on shares of Luxoft Holding in a research note on Tuesday, August 15th. They set a buy rating and a $65.00 target price for the company. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the company a buy rating in a research note on Monday, August 14th. Cowen and Company set a $63.00 price target on shares of Luxoft Holding and gave the company a buy rating in a research report on Friday, August 11th. KeyCorp reissued a hold rating on shares of Luxoft Holding in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Luxoft Holding from a sell rating to a hold rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Luxoft Holding presently has a consensus rating of Hold and a consensus price target of $62.67.

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An institutional investor recently raised its position in Luxoft Holding stock. Vanguard Group Inc. raised its holdings in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 104.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,824 shares of the software maker’s stock after acquiring an additional 4,000 shares during the quarter. Vanguard Group Inc.’s holdings in Luxoft Holding were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 80.69% 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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