VTB Capital assumed coverage on shares of Luxoft Holding, Inc. (NYSE:LXFT) in a research report released on Tuesday morning. The brokerage issued a buy rating and a $65.00 target price on the software maker’s stock.
A number of other research firms also recently commented on LXFT. Zacks Investment Research downgraded shares of Luxoft Holding from a hold rating to a sell rating in a research note on Friday, May 26th. Berenberg Bank set a $60.00 price objective on shares of Luxoft Holding and gave the stock a buy rating in a research note on Monday, August 14th. UBS AG restated a neutral rating and set a $66.00 price objective (up from $63.00) on shares of Luxoft Holding in a research note on Thursday, May 25th. Cantor Fitzgerald restated a hold rating and set a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. Finally, Cowen and Company set a $68.00 price objective on shares of Luxoft Holding and gave the stock a buy rating in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $64.38.
Shares of Luxoft Holding (NYSE:LXFT) opened at 48.05 on Tuesday. The firm has a market cap of $1.61 billion, a PE ratio of 30.07 and a beta of 1.46. The company’s 50-day moving average price is $59.50 and its 200-day moving average price is $60.71. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85.
Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Luxoft Holding had a return on equity of 18.90% and a net margin of 6.72%. The business had revenue of $204.10 million for the quarter, compared to analyst estimates of $202.30 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Equities analysts expect that Luxoft Holding will post $2.88 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of LXFT. Alliancebernstein L.P. purchased a new stake in shares of Luxoft Holding during the first quarter valued at about $918,000. Clinton Group Inc. increased its stake in shares of Luxoft Holding by 20.2% in the first quarter. Clinton Group Inc. now owns 9,045 shares of the software maker’s stock valued at $566,000 after buying an additional 1,522 shares during the period. Comgest Global Investors S.A.S. increased its stake in shares of Luxoft Holding by 43.1% in the first quarter. Comgest Global Investors S.A.S. now owns 238,500 shares of the software maker’s stock valued at $14,918,000 after buying an additional 71,800 shares during the period. Oxford Asset Management purchased a new stake in shares of Luxoft Holding during the first quarter valued at about $1,654,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Luxoft Holding by 53.0% in the first quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker’s stock valued at $3,685,000 after buying an additional 20,396 shares during the period. Institutional investors and hedge funds own 94.78% of the company’s stock.
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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