Edmond DE Rothschild Holding S.A. Has $2.25 Million Stake in Luxoft Holding Inc (LXFT)

Edmond DE Rothschild Holding S.A. reduced its stake in Luxoft Holding Inc (NYSE:LXFT) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,000 shares of the software maker’s stock after selling 22,000 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 0.22% of Luxoft worth $2,251,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LXFT. Massachusetts Financial Services Co. MA raised its position in shares of Luxoft by 29.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,533,917 shares of the software maker’s stock worth $77,082,000 after buying an additional 578,869 shares in the last quarter. FMR LLC raised its position in shares of Luxoft by 1.3% in the third quarter. FMR LLC now owns 2,242,332 shares of the software maker’s stock worth $106,174,000 after buying an additional 28,998 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Luxoft by 140.6% in the third quarter. Franklin Resources Inc. now owns 1,392,572 shares of the software maker’s stock worth $65,938,000 after buying an additional 813,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Luxoft by 39.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 900,869 shares of the software maker’s stock worth $27,404,000 after buying an additional 253,619 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of Luxoft in the third quarter worth $39,610,000. 56.36% of the stock is owned by hedge funds and other institutional investors.

NYSE LXFT opened at $58.62 on Friday. Luxoft Holding Inc has a twelve month low of $29.73 and a twelve month high of $58.70. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 28.05 and a beta of 2.43.

Luxoft (NYSE:LXFT) last released its quarterly earnings results on Wednesday, February 13th. The software maker reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.15. Luxoft had a return on equity of 12.33% and a net margin of 4.60%. The business had revenue of $230.36 million for the quarter, compared to the consensus estimate of $233.85 million. During the same quarter last year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Luxoft Holding Inc will post 1.78 EPS for the current fiscal year.

A number of brokerages recently issued reports on LXFT. Zacks Investment Research upgraded Luxoft from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Thursday, February 21st. ValuEngine upgraded Luxoft from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Berenberg Bank downgraded Luxoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. JPMorgan Chase & Co. upgraded Luxoft from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $43.00 to $59.00 in a research report on Friday, January 18th. Finally, VTB Capital downgraded Luxoft from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Luxoft currently has a consensus rating of “Hold” and a consensus target price of $50.75.

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Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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Institutional Ownership by Quarter for Luxoft (NYSE:LXFT)

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