Luxoft Holding Inc (NYSE:LXFT) shares hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $39.02 and last traded at $39.20, with a volume of 157916 shares changing hands. The stock had previously closed at $40.35.
A number of brokerages recently issued reports on LXFT. KeyCorp dropped their price objective on shares of Luxoft from $66.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, February 15th. Credit Suisse Group dropped their price objective on shares of Luxoft from $50.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, February 15th. VTB Capital upgraded shares of Luxoft from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. Pivotal Research lowered shares of Luxoft from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a report on Wednesday, February 14th. Finally, Zacks Investment Research lowered shares of Luxoft from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.82.
The stock has a market cap of $1,365.53, a price-to-earnings ratio of 18.32 and a beta of 1.64.
Luxoft (NYSE:LXFT) last released its earnings results on Tuesday, February 13th. The software maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $236.61 million during the quarter, compared to the consensus estimate of $241.78 million. Luxoft had a net margin of 6.72% and a return on equity of 17.07%. sell-side analysts anticipate that Luxoft Holding Inc will post 2.03 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Grandeur Peak Global Advisors LLC grew its position in shares of Luxoft by 12.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 273,325 shares of the software maker’s stock worth $15,224,000 after buying an additional 30,475 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd acquired a new stake in shares of Luxoft during the 4th quarter worth approximately $1,456,000. Millennium Management LLC grew its position in shares of Luxoft by 157.7% during the 4th quarter. Millennium Management LLC now owns 211,321 shares of the software maker’s stock worth $11,771,000 after buying an additional 129,305 shares during the period. GCA Investment Management LLC acquired a new stake in shares of Luxoft during the 4th quarter worth approximately $217,000. Finally, Two Sigma Investments LP grew its position in shares of Luxoft by 1,633.8% during the 4th quarter. Two Sigma Investments LP now owns 135,828 shares of the software maker’s stock worth $7,566,000 after buying an additional 127,994 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.
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Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations primarily in Europe and the United States. It 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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