Traders Alert on Luxoft Holding, Inc. (LXFT)

Xavier Trudeau
Août 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.

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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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