The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Tuesday, July 28 by UBS. (NYSE:LXFT) by 104.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,073 shares of the software maker's stock after buying an additional 412 shares during the period. Comgest Global Investors S.A.S. increased its position in shares of Luxoft Holding by 43.1% in the first quarter. State Street Corp now owns 78,901 shares of the software maker's stock worth $4,434,000 after buying an additional 61,393 shares in the last quarter. Credit Suisse AG raised its position in Luxoft Holding by 1.6% in the first quarter. Finally, Parametric Portfolio Associates LLC increased its position in Luxoft Holding by 53.0% in the first quarter. Finally, Norges Bank bought a new stake in shares of Luxoft Holding during the fourth quarter worth $10,023,000. The Wasatch Advisors Inc holds 1.58M shares with $88.95M value, down from 1.75M last quarter. The firm owned 7,824 shares of the software maker's stock after buying an additional 4,000 shares during the period.
Hedge funds and other institutional investors own 95.41% of the company's stock. (NYSE LXFT) traded down 24.84% during mid-day trading on Friday, hitting $45.70.
The company is so far trading down by -24.63% since yesterday's close of $60.9.
The P/E ratio is 25.38 and the market cap is 1.56B. Luxoft Holding Inc (NYSE:LXFT) has risen 10.58% since August 11, 2016 and is uptrending.
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Luxoft Holding (NYSE:LXFT) last released its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. The company had revenue of $204.10 million during the quarter, compared to analysts' expectations of $202.30 million. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. During the same quarter previous year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Luxoft Holding will post $3.39 EPS for the current year.
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LXFT has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a hold rating and set a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. The stock of Luxoft Holding Inc (NYSE:LXFT) earned "Outperform" rating by Wedbush on Friday, January 6. Cowen and Company set a $68.00 price target on shares of Luxoft Holding and gave the company a "buy" rating in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Luxoft Holding from a "sell" rating to a "hold" rating in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Luxoft Holding presently has a consensus rating of Hold and an average price target of $65.00. Its advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms.