(NYSE:LXFT) by 104.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
State Treasurer State Of Michigan increased Skechers U S A Inc (SKX) stake by 78.3% reported in 2016Q4 SEC filing.
Hedge funds and other institutional investors own 95.41% of the company's stock. Norges Bank bought a new position in Luxoft Holding during the fourth quarter worth about $10,023,000. Vanguard Group Inc. raised its position in Luxoft Holding, Inc. Russell Investments Group Ltd. now owns 278,586 shares of the software maker's stock worth $17,426,000 after buying an additional 75,998 shares in the last quarter. Comgest Global Investors S.A.S. increased its position in Luxoft Holding by 43.1% in the first quarter. Oxford Asset Management bought a new position in Luxoft Holding during the first quarter valued at approximately $1,654,000. State Street Corp raised its stake in shares of Luxoft Holding by 350.7% in the fourth quarter. Luxoft Holding Inc (NYSE:LXFT) has risen 10.58% since August 11, 2016 and is uptrending.
The company is trading down by -24.63% since yesterday's close of $60.9. The firm's 50 day moving average price is $61.88 and its 200 day moving average price is $61.22. 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.
A number of other equities research analysts also recently weighed in on LXFT. The firm had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. During the same quarter a year ago, the company earned $0.56 EPS. During the same period in the previous year, the business posted $0.56 EPS. On average, analysts anticipate that Luxoft Holding, Inc. will post $3.39 EPS for the current year.
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Several research analysts have recently commented on LXFT shares. Finally, BidaskClub cut Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. Zacks Investment Research lowered Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Friday, May 26th. Finally, UBS AG reissued a neutral rating and issued a $66.00 price target (up previously from $63.00) on shares of Luxoft Holding in a report on Thursday, May 25th. Luxoft Holding presently has a consensus rating of Hold and an average price target of $65.00.
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. Its advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms.