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.
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.
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