Luxoft Holding Inc (LXFT) Given Average Rating of “Hold” by Brokerages

Luxoft Holding Inc (NYSE:LXFT) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $63.57.

Several research firms have commented on LXFT. Pivotal Research began coverage on Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 price objective for the company. BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $47.00 price objective on shares of Luxoft in a research note on Friday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of Luxoft in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded Luxoft from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th.

Shares of Luxoft (NYSE LXFT) opened at $52.85 on Friday. Luxoft has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The firm has a market capitalization of $1,787.63, a PE ratio of 31.65 and a beta of 1.42.

Luxoft (NYSE:LXFT) last posted its earnings results on Thursday, November 16th. The software maker reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. The business had revenue of $228.03 million during the quarter, compared to the consensus estimate of $227.09 million. analysts anticipate that Luxoft will post 2.18 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of LXFT. Wells Fargo & Company MN raised its stake in Luxoft by 182.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock valued at $209,000 after acquiring an additional 2,215 shares during the last quarter. Northern Trust Corp raised its stake in shares of Luxoft by 5.9% during the 2nd quarter. Northern Trust Corp now owns 34,584 shares of the software maker’s stock worth $2,105,000 after buying an additional 1,934 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Luxoft by 104.6% during the 2nd quarter. Vanguard Group Inc. now owns 7,824 shares of the software maker’s stock worth $476,000 after buying an additional 4,000 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Luxoft by 6.9% during the 2nd quarter. California Public Employees Retirement System now owns 26,200 shares of the software maker’s stock worth $1,594,000 after buying an additional 1,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Luxoft by 114.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 122,150 shares of the software maker’s stock worth $7,433,000 after buying an additional 65,097 shares in the last quarter. 52.08% of the stock is owned by hedge funds and other institutional investors.

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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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