Traders Alert on Luxoft Holding, Inc. (LXFT)

Xavier Trudeau
Августа 13, 2017

LXFT has been the subject of a number of research reports. BidaskClub downgraded Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. Cantor Fitzgerald restated a "hold" rating and set a $55.00 price target on shares of Luxoft Holding in a research note on Tuesday, May 23rd.

On August 11, 2017 the stock rating was set at "Neutral" according to a Wedbush report which was a cut from the previous "Neutral" rating. Zacks Investment Research raised shares of Luxoft Holding from a sell rating to a hold rating in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The last stock price is down -29.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. (NYSE:LXFT) reached a new 52-week low during trading on Friday.

The company is trading down by -28.87 percent from yesterday's close. Luxoft Holding, Inc. has a 52 week low of $40.15 and a 52 week high of $67.85. Luxoft Holding, Inc. The company has a market cap of $1.53 billion, a PE ratio of 28.60 and a beta of 1.46. The stock's 50 day moving average is $61.42 and its 200-day moving average is $61.13. Luxoft Holding, Inc. (LXFT)'s RSI (Relative Strength Index) is 41.18. The software maker reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.05.

A total of 10 equity analysts have released a report on Luxoft Holding. The business had revenue of $204.10 million for the quarter, compared to analyst estimates of $202.30 million. The business's revenue for the quarter was up 20.6% compared to the same quarter past year. Analysts forecast that Luxoft Holding, Inc. will post $3.39 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: "Luxoft Holding, Inc". Cowen & Co upgraded the shares of LXFT in report on Monday, December 19 to "Outperform" rating. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/11/luxoft-holding-inc-nyselxft-receives-outperform-rating-from-cowen-and-company.html.

A number of hedge funds have recently added to or reduced their stakes in LXFT. Comgest Global Investors S.A.S. now owns 238,500 shares of the software maker's stock worth $14,918,000 after buying an additional 71,800 shares during the last quarter. Morgan Stanley raised its stake in shares of Luxoft Holding by 6.5% in the first quarter. The State Treasurer State Of Michigan holds 1.38M shares with $33.86M value, up from 772,700 last quarter. Finally, Norges Bank bought a new stake in shares of Luxoft Holding during the fourth quarter worth $10,023,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Luxoft Holding by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 88,382 shares of the software maker's stock worth $5,528,000 after buying an additional 63,545 shares in the last quarter. Investors of this company earned a return of 13.10% on the assets it owns in past twelve month.

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