Luxoft Holding, Inc. (LXFT) Stake Boosted by Charlemagne Capital Ltd.

Charlemagne Capital Ltd. boosted its position in Luxoft Holding, Inc. (NYSE:LXFT) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 137,370 shares of the company’s stock after buying an additional 706 shares during the period. Luxoft Holding comprises approximately 4.5% of Charlemagne Capital Ltd.’s portfolio, making the stock its 7th largest position. Charlemagne Capital Ltd. owned about 0.41% of Luxoft Holding worth $7,717,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new position in Luxoft Holding during the fourth quarter worth $292,000. Keybank National Association OH increased its position in Luxoft Holding by 16.9% in the fourth quarter. Keybank National Association OH now owns 10,067 shares of the company’s stock worth $566,000 after buying an additional 1,457 shares during the period. FMR LLC increased its position in Luxoft Holding by 4.0% in the fourth quarter. FMR LLC now owns 1,523,626 shares of the company’s stock worth $85,627,000 after buying an additional 58,976 shares during the period. Prudential PLC increased its position in Luxoft Holding by 100.1% in the fourth quarter. Prudential PLC now owns 679,360 shares of the company’s stock worth $38,180,000 after buying an additional 339,786 shares during the period. Finally, State Street Corp increased its position in Luxoft Holding by 350.7% in the fourth quarter. State Street Corp now owns 78,901 shares of the company’s stock worth $4,434,000 after buying an additional 61,393 shares during the period. 91.04% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Luxoft Holding (NYSE:LXFT)

Luxoft Holding, Inc. (NYSE:LXFT) traded down 0.25% on Tuesday, reaching $60.45. The company’s stock had a trading volume of 190,646 shares. Luxoft Holding, Inc. has a 12 month low of $46.58 and a 12 month high of $66.18. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 32.66 and a beta of 1.52. The firm has a 50 day moving average of $59.03 and a 200 day moving average of $54.60.

Luxoft Holding (NYSE:LXFT) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.01. The firm had revenue of $206.90 million for the quarter, compared to the consensus estimate of $207.73 million. Luxoft Holding had a net margin of 8.80% and a return on equity of 22.83%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. Analysts anticipate that Luxoft Holding, Inc. will post $2.88 earnings per share for the current year.

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Several equities research analysts have recently commented on the company. Cowen and Company raised Luxoft Holding from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Monday, December 19th. Zacks Investment Research raised Luxoft Holding from a “strong sell” rating to a “hold” rating in a report on Thursday, January 12th. Wedbush raised Luxoft Holding from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $62.00 to $67.00 in a report on Friday, January 6th. Pacific Crest reissued a “hold” rating on shares of Luxoft Holding in a report on Wednesday, November 9th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $80.00 price objective on shares of Luxoft Holding in a report on Friday, November 11th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Luxoft Holding presently has a consensus rating of “Hold” and an average target price of $67.11.

Luxoft Holding Company Profile

Luxoft Holding, Inc is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

5 Day Chart for NYSE:LXFT

Want to see what other hedge funds are holding LXFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Luxoft Holding, Inc. (NYSE:LXFT).

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