Weekly Analysts’ Ratings Changes for Luxoft (LXFT)

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A number of research firms have changed their ratings and price targets for Luxoft (NYSE: LXFT):

  • 1/30/2019 – Luxoft was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Luxoft is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 employees across 42 offices in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. “
  • 1/24/2019 – Luxoft was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Luxoft is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 employees across 42 offices in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. “
  • 1/22/2019 – Luxoft was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating.
  • 1/18/2019 – Luxoft was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $59.00 price target on the stock, up previously from $43.00.
  • 1/16/2019 – Luxoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $64.00 price target on the stock. According to Zacks, “Luxoft is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 employees across 42 offices in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. “
  • 1/9/2019 – Luxoft was downgraded by analysts at VTB Capital from a “buy” rating to a “hold” rating.
  • 1/7/2019 – Luxoft was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/2/2019 – Luxoft was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Luxoft is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 employees across 42 offices in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. “
  • 12/25/2018 – Luxoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Luxoft is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 employees across 42 offices in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. “

Shares of LXFT opened at $57.69 on Thursday. The stock has a market capitalization of $1.95 billion, a PE ratio of 27.60 and a beta of 1.46. Luxoft Holding Inc has a fifty-two week low of $29.73 and a fifty-two week high of $58.15.

Luxoft (NYSE:LXFT) last released its quarterly earnings data on Thursday, November 15th. The software maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. Luxoft had a return on equity of 14.00% and a net margin of 5.64%. The firm had revenue of $228.41 million for the quarter, compared to the consensus estimate of $229.42 million. Sell-side analysts forecast that Luxoft Holding Inc will post 1.76 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. boosted its position in Luxoft by 39.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 900,869 shares of the software maker’s stock worth $27,404,000 after purchasing an additional 253,619 shares during the period. Horrell Capital Management Inc. bought a new stake in Luxoft during the fourth quarter worth approximately $3,498,000. NJ State Employees Deferred Compensation Plan boosted its position in Luxoft by 50.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the software maker’s stock worth $365,000 after purchasing an additional 4,000 shares during the period. Moon Capital Management LLC boosted its position in Luxoft by 1.3% during the fourth quarter. Moon Capital Management LLC now owns 78,000 shares of the software maker’s stock worth $2,373,000 after purchasing an additional 980 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Luxoft by 1.4% during the fourth quarter. Confluence Investment Management LLC now owns 108,185 shares of the software maker’s stock worth $3,291,000 after purchasing an additional 1,445 shares during the period. Hedge funds and other institutional investors own 56.04% of the company’s stock.

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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