A number of other analysts also recently commented on LXFT. Zacks Investment Research upgraded shares of Luxoft Holding from a sell rating to a hold rating in a report on Wednesday, April 19th. Cantor Fitzgerald reiterated a hold rating and issued a $55.00 target price on shares of Luxoft Holding in a report on Tuesday, May 23rd. Cowen and Company boosted their target price on shares of Luxoft Holding from $65.00 to $68.00 and gave the stock an outperform rating in a report on Wednesday, May 24th. UBS AG reiterated a neutral rating and issued a $66.00 target price (up from $63.00) on shares of Luxoft Holding in a report on Thursday, May 25th. Finally, BidaskClub downgraded shares of Luxoft Holding from a buy rating to a hold rating in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $64.38.
Luxoft Holding (NYSE:LXFT) traded up 0.10% during mid-day trading on Monday, hitting $48.05. 73,797 shares of the stock traded hands. Luxoft Holding has a 12-month low of $40.15 and a 12-month high of $67.85. The stock has a 50 day moving average price of $59.87 and a 200 day moving average price of $60.79. The firm has a market cap of $1.61 billion, a PE ratio of 30.07 and a beta of 1.46.
Luxoft Holding (NYSE:LXFT) last released its earnings results on Monday, May 22nd. The software maker reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. Luxoft Holding had a return on equity of 18.90% and a net margin of 6.72%. The business had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts expect that Luxoft Holding will post $3.03 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position 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 valued at $122,000 after buying an additional 168 shares during the period. Bank of America Corp DE increased its position 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 valued at $139,000 after buying an additional 1,678 shares during the period. Pacad Investment Ltd. increased its position in Luxoft Holding by 50.0% in the second quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock valued at $201,000 after buying an additional 1,100 shares during the period. Two Sigma Securities LLC purchased a new position in Luxoft Holding during the first quarter valued at $204,000. Finally, Wells Fargo & Company MN increased its position 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 valued at $209,000 after buying an additional 2,215 shares during the period. 94.78% of the stock is currently owned by institutional investors and hedge funds.
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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