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.
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