Luxoft Holding (LXFT) Given Daily Media Impact Rating of 0.12

Cornelia Mascio
Agosto 13, 2017

The brokerage now has a $63.00 price objective on the software maker's stock, down from their prior price objective of $68.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock.

At the present time, shares of Luxoft Holding, Inc. Clinton Group Inc. now owns 9,045 shares of the software maker's stock worth $566,000 after buying an additional 1,522 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in Luxoft Holding by 43.1% in the first quarter. State Street Corp now owns 78,901 shares of the software maker's stock worth $4,434,000 after buying an additional 61,393 shares in the last quarter. Oxford Asset Management bought a new position in Luxoft Holding during the first quarter valued at approximately $1,654,000. Credit Suisse AG now owns 322,811 shares of the software maker's stock worth $20,192,000 after buying an additional 5,148 shares in the last quarter.

In Technology sector, Luxoft Holding, Inc. (LXFT) traded down 24.84% on Friday, reaching $45.70.

The company is trading down by -28.87 percent from yesterday's close. The stock has a 50 day moving average price of $61.42 and a 200-day moving average price of $61.13. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 25.38 and a beta of 1.46. However, among the stocks swimming in red ink today are tech names Black Box Corporation (NASDAQ:BBOX) and Luxoft Holding Inc (NYSE:LXFT), as well as Chinese internet issue Alibaba Group Holding Ltd (NYSE:BABA).

Wedbush bumped up the target of Luxoft Holding (NYSE:LXFT) to $50.00 reporting a potential downside of -0.18%. The firm had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million. Luxoft Holding had a return on equity of 21.06% and a net margin of 7.97%. Next quarter's EPS is expected be $0.90 and the next full year EPS is anticipated to be $4.04. During the same period in the previous year, the company posted $0.56 EPS.

TRADEMARK VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily. "(NYSE:LXFT)" was reported by Transcript Daily and is the property of of Transcript Daily. Accern also assigned media stories about the software maker an impact score of 46.7201427584283 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

A number of brokerages recently commented on LXFT. Finally, BidaskClub lowered shares of Luxoft Holding from a "buy" rating to a "hold" rating in a research report on Tuesday, June 13th.

Morgan Stanley reports that it bought 80 shares last quarter increasing its stake in Luxoft Holding, Inc. Cantor Fitzgerald reissued a hold rating and issued a $55.00 price target on shares of Luxoft Holding in a report on Tuesday, May 23rd. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.

Luxoft Holding, Inc., is a provider of software development services and information technology solutions to a global client base consisting primarily of large multinational firms.

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