Luxoft Holding Inc (LXFT) Receives $56.89 Consensus Target Price from Brokerages
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Luxoft Holding Inc (LXFT) Receives $56.89 Consensus Target Price from Brokerages

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Shares of Luxoft Holding Inc (NYSE:LXFT) have received a consensus recommendation of 'Hold' from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports.

Shares of Luxoft Holding Inc (NYSE:LXFT) have received a consensus recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $56.89.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Luxoft from $69.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. KeyCorp decreased their price objective on Luxoft from $66.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, February 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $47.00 price objective on shares of Luxoft in a research note on Friday, November 17th. Cowen lowered Luxoft from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $63.00 to $50.00 in a research note on Wednesday, February 14th. Finally, Pivotal Research lowered Luxoft from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research note on Wednesday, February 14th.

A number of institutional investors have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC grew its position in Luxoft by 12.5% during the fourth 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 in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd purchased a new position in Luxoft during the fourth quarter worth about $1,456,000. Millennium Management LLC grew its position in Luxoft by 157.7% during the fourth 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 in the last quarter. GCA Investment Management LLC purchased a new position in Luxoft during the fourth quarter worth about $217,000. Finally, Two Sigma Investments LP grew its position in Luxoft by 1,633.8% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 52.00% of the company’s stock.

Luxoft (LXFT) traded up $1.00 during trading hours on Wednesday, hitting $44.25. The company had a trading volume of 320,998 shares, compared to its average volume of 396,587. Luxoft has a 12 month low of $40.15 and a 12 month high of $67.85. The company has a market cap of $1,520.00, a price-to-earnings ratio of 25.58 and a beta of 1.63.

About Luxoft

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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