Shares of Luxoft Holding Inc (NYSE:LXFT) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $60.75.

Several research firms recently commented on LXFT. UBS Group raised their target price on Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating and set a $59.00 target price for the company in a research note on Thursday, November 23rd. KeyCorp raised Luxoft from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, December 5th. Pivotal Research began coverage on Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 target price for the company. Finally, BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Luxoft by 5.4% in the second quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock valued at $125,239,000 after acquiring an additional 105,039 shares during the period. Wasatch Advisors Inc. grew its stake in Luxoft by 4.2% in the third quarter. Wasatch Advisors Inc. now owns 1,714,881 shares of the software maker’s stock valued at $81,971,000 after acquiring an additional 69,234 shares during the period. Prudential PLC grew its stake in Luxoft by 2.4% in the second quarter. Prudential PLC now owns 782,042 shares of the software maker’s stock valued at $47,587,000 after acquiring an additional 18,476 shares during the period. NWQ Investment Management Company LLC grew its stake in Luxoft by 90.5% in the third quarter. NWQ Investment Management Company LLC now owns 603,218 shares of the software maker’s stock valued at $28,834,000 after acquiring an additional 286,497 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Luxoft by 100.8% in the third quarter. Dimensional Fund Advisors LP now owns 245,276 shares of the software maker’s stock valued at $11,724,000 after acquiring an additional 123,126 shares during the period. 52.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Luxoft (NYSE LXFT) opened at $57.15 on Tuesday. The firm has a market capitalization of $1,925.78, a PE ratio of 34.22 and a beta of 1.48. Luxoft has a one year low of $40.15 and a one year high of $67.85.

Luxoft (NYSE:LXFT) last released its earnings results on Thursday, November 16th. The software maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. equities research analysts anticipate that Luxoft will post 2.18 earnings per share for the current fiscal year.

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Luxoft 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 (NYSE:LXFT)

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