Luxoft Holding Inc (NYSE:LXFT) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.20.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Luxoft from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Berenberg Bank downgraded shares of Luxoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of Luxoft from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $59.00 in a report on Friday, January 18th.

A number of large investors have recently added to or reduced their stakes in LXFT. Vivaldi Asset Management LLC bought a new position in Luxoft during the 1st quarter worth approximately $9,494,000. Chicago Capital Management LLC bought a new position in Luxoft during the 1st quarter worth approximately $20,255,000. Citigroup Inc. bought a new position in Luxoft during the 1st quarter worth approximately $45,197,000. GAM Holding AG bought a new position in Luxoft during the 1st quarter worth approximately $3,317,000. Finally, Wells Fargo & Company MN boosted its stake in Luxoft by 5.7% during the 1st quarter. Wells Fargo & Company MN now owns 24,439 shares of the software maker’s stock worth $1,435,000 after acquiring an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 56.25% of the company’s stock.

Shares of NYSE LXFT traded down $0.20 during trading hours on Monday, hitting $58.10. 259,300 shares of the stock were exchanged, compared to its average volume of 581,740. The company has a market cap of $1.97 billion, a P/E ratio of 27.80 and a beta of 2.37. Luxoft has a one year low of $29.73 and a one year high of $58.99.

Luxoft (NYSE:LXFT) last posted its quarterly earnings data on Wednesday, February 13th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.15. The business had revenue of $230.36 million during the quarter, compared to the consensus estimate of $233.85 million. Luxoft had a net margin of 4.60% and a return on equity of 12.33%. Luxoft’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. As a group, sell-side analysts anticipate that Luxoft will post 1.83 earnings per share for the current fiscal year.

Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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Analyst Recommendations for Luxoft (NYSE:LXFT)

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