Luxoft Holding, Inc. (NYSE:LXFT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Luxoft Holding, Inc. (NYSE:LXFT) from a sell rating to a hold rating in a research note published on Wednesday, October 18th.

A number of other equities analysts have also weighed in on LXFT. Berenberg Bank set a $60.00 price objective on Luxoft Holding and gave the company a buy rating in a research note on Monday, August 14th. KeyCorp reiterated a hold rating on shares of Luxoft Holding in a research note on Thursday, September 28th. Cowen and Company reiterated a buy rating and set a $63.00 price objective on shares of Luxoft Holding in a research note on Thursday, October 12th. VTB Capital initiated coverage on Luxoft Holding in a research report on Tuesday, August 15th. They set a buy rating and a $65.00 target price on the stock. Finally, Wedbush cut Luxoft Holding from an outperform rating to a neutral rating and raised their target price for the company from $60.80 to $67.00 in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $65.14.

Luxoft Holding (NYSE LXFT) opened at 45.95 on Wednesday. The company has a 50 day moving average price of $47.69 and a 200-day moving average price of $57.01. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.75 and a beta of 1.47. Luxoft Holding has a 1-year low of $40.15 and a 1-year high of $67.85.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXFT. FMR LLC raised its position in shares of Luxoft Holding by 28.2% during the 1st quarter. FMR LLC now owns 1,953,104 shares of the software maker’s stock valued at $122,167,000 after buying an additional 429,478 shares during the period. Standard Life Investments LTD raised its position in shares of Luxoft Holding by 153.9% during the 2nd quarter. Standard Life Investments LTD now owns 330,669 shares of the software maker’s stock valued at $20,114,000 after buying an additional 200,442 shares during the period. Wasatch Advisors Inc. raised its position in shares of Luxoft Holding by 5.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock valued at $100,138,000 after buying an additional 82,333 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Luxoft Holding by 114.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 122,150 shares of the software maker’s stock valued at $7,433,000 after buying an additional 65,097 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Luxoft Holding by 255.8% in the first quarter. Goldman Sachs Group Inc. now owns 88,382 shares of the software maker’s stock valued at $5,528,000 after purchasing an additional 63,545 shares during the period. 78.82% of the stock is currently owned by institutional investors and hedge funds.

Luxoft Holding 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 Holding (NYSE:LXFT)

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