Luxoft Holding Inc. (NYSE:LXFT) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $64.31.
A number of brokerages have recently issued reports on LXFT. Zacks Investment Research raised Luxoft Holding from a “strong sell” rating to a “hold” rating in a report on Thursday, July 14th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Luxoft Holding in a report on Monday, July 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Luxoft Holding in a report on Friday, June 17th. Berenberg Bank reaffirmed a “hold” rating on shares of Luxoft Holding in a report on Tuesday, August 16th. Finally, Pacific Crest began coverage on Luxoft Holding in a report on Tuesday, July 12th. They set a “sector weight” rating on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP increased its position in Luxoft Holding by 1,599.4% in the second quarter. Quantbot Technologies LP now owns 2,906 shares of the company’s stock worth $151,000 after buying an additional 2,735 shares in the last quarter. Amica Retiree Medical Trust increased its position in Luxoft Holding by 108.1% in the second quarter. Amica Retiree Medical Trust now owns 4,148 shares of the company’s stock worth $216,000 after buying an additional 2,155 shares in the last quarter. Royal Bank of Canada increased its position in Luxoft Holding by 1,143.6% in the second quarter. Royal Bank of Canada now owns 4,875 shares of the company’s stock worth $254,000 after buying an additional 4,483 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Luxoft Holding during the second quarter worth $265,000. Finally, Fiera Capital Corp purchased a new position in Luxoft Holding during the second quarter worth $312,000. 87.74% of the stock is currently owned by institutional investors.
Luxoft Holding (NYSE:LXFT) opened at 53.37 on Wednesday. The firm’s 50-day moving average price is $52.66 and its 200-day moving average price is $55.70. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 26.03 and a beta of 1.56. Luxoft Holding has a 12-month low of $46.58 and a 12-month high of $80.64.
Luxoft Holding (NYSE:LXFT) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $178 million for the quarter, compared to the consensus estimate of $176.39 million. Luxoft Holding had a net margin of 10.24% and a return on equity of 24.69%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, equities analysts predict that Luxoft Holding will post $2.92 EPS for the current fiscal year.