Fmr LLC Boosts Position in Luxoft Holding, Inc. (LXFT)

Fmr LLC increased its stake in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 28.2% during the first quarter, Holdings Channel reports. The firm owned 1,953,104 shares of the software maker’s stock after buying an additional 429,478 shares during the period. Fmr LLC owned approximately 5.88% of Luxoft Holding worth $122,167,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Luxoft Holding by 350.7% in the fourth 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 during the last quarter. Norges Bank acquired a new position in shares of Luxoft Holding during the fourth quarter worth approximately $10,023,000. UBS Asset Management Americas Inc. boosted its position in shares of Luxoft Holding by 7.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,166 shares of the software maker’s stock worth $2,595,000 after buying an additional 3,200 shares during the last quarter. Clinton Group Inc. boosted its position in shares of Luxoft Holding by 20.2% in the first quarter. 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. Finally, Numeric Investors LLC boosted its position in shares of Luxoft Holding by 50.4% in the fourth quarter. Numeric Investors LLC now owns 55,800 shares of the software maker’s stock worth $3,136,000 after buying an additional 18,700 shares during the last quarter.

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

Shares of Luxoft Holding, Inc. (NYSE:LXFT) opened at 62.75 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 34.10 and a beta of 1.45. Luxoft Holding, Inc. has a one year low of $46.58 and a one year high of $67.85. The firm has a 50-day moving average of $63.55 and a 200-day moving average of $59.88.

Luxoft Holding (NYSE:LXFT) last released its quarterly earnings results on Monday, May 22nd. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. The business had revenue of $204.10 million for the quarter, compared to analysts’ expectations of $202.30 million. During the same period in the previous year, the company earned $0.56 EPS. Luxoft Holding’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities research analysts forecast that Luxoft Holding, Inc. will post $3.41 EPS for the current fiscal year.

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A number of equities analysts recently commented on the stock. Cowen and Company set a $68.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Friday, June 16th. BidaskClub cut shares of Luxoft Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $55.00 target price on shares of Luxoft Holding in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $67.83.

Luxoft Holding Company Profile

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. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

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