Luxoft (NYSE:LXFT) was upgraded by equities research analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday. The firm presently has a $65.00 price objective on the software maker’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 15.04% from the company’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a research note on Thursday, November 23rd. Pivotal Research began coverage on Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target for the company. BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Luxoft in a research note on Thursday, September 28th. Finally, UBS Group raised their price objective on Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Luxoft has an average rating of “Hold” and an average target price of $63.00.
Luxoft (NYSE LXFT) opened at $56.50 on Wednesday. The stock has a market capitalization of $1,907.25, a price-to-earnings ratio of 33.83 and a beta of 1.48. Luxoft has a one year low of $40.15 and a one year high of $67.85.
Luxoft (NYSE:LXFT) last issued its quarterly earnings results on Thursday, November 16th. The software maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. sell-side analysts predict that Luxoft will post 2.18 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LXFT. NWQ Investment Management Company LLC boosted its stake in shares of Luxoft by 90.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 603,218 shares of the software maker’s stock worth $28,834,000 after acquiring an additional 286,497 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Luxoft by 100.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 245,276 shares of the software maker’s stock worth $11,724,000 after acquiring an additional 123,126 shares in the last quarter. FMR LLC boosted its stake in shares of Luxoft by 5.4% during the 2nd quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock worth $125,239,000 after acquiring an additional 105,039 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Luxoft by 5.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock worth $100,138,000 after acquiring an additional 82,333 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Luxoft by 249.6% during the 3rd quarter. Citadel Advisors LLC now owns 104,165 shares of the software maker’s stock worth $4,979,000 after acquiring an additional 74,368 shares in the last quarter. 52.34% of the stock is owned by institutional investors and hedge funds.
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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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