Shares of Luxoft Holding Inc (NYSE:LXFT) have been given an average rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $47.43.
LXFT has been the subject of several analyst reports. Credit Suisse Group set a $48.00 target price on shares of Luxoft and gave the company a “hold” rating in a research report on Monday, October 15th. VTB Capital cut shares of Luxoft from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. KeyCorp boosted their target price on shares of Luxoft from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 16th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $52.00 target price on shares of Luxoft in a research report on Thursday, November 15th.
Shares of NYSE:LXFT opened at $32.48 on Friday. The company has a market capitalization of $1.06 billion, a PE ratio of 15.54 and a beta of 1.57. Luxoft has a 12 month low of $30.78 and a 12 month high of $59.05.
Luxoft (NYSE:LXFT) last issued its earnings results on Thursday, November 15th. The software maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $228.41 million during the quarter, compared to analysts’ expectations of $229.42 million. Luxoft had a net margin of 5.64% and a return on equity of 14.00%. Sell-side analysts predict that Luxoft will post 1.79 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in Luxoft by 11.8% during the 2nd quarter. California Public Employees Retirement System now owns 27,057 shares of the software maker’s stock worth $997,000 after purchasing an additional 2,862 shares in the last quarter. Northern Trust Corp increased its position in Luxoft by 12.7% during the 2nd quarter. Northern Trust Corp now owns 30,787 shares of the software maker’s stock worth $1,135,000 after purchasing an additional 3,469 shares in the last quarter. Bank of America Corp DE increased its position in Luxoft by 17.9% during the 2nd quarter. Bank of America Corp DE now owns 25,090 shares of the software maker’s stock worth $925,000 after purchasing an additional 3,816 shares in the last quarter. Virtu Financial LLC acquired a new position in Luxoft during the 3rd quarter worth approximately $214,000. Finally, Dynamic Technology Lab Private Ltd increased its position in Luxoft by 75.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 11,204 shares of the software maker’s stock worth $413,000 after purchasing an additional 4,818 shares in the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.
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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