(NYSE:LXFT) by 104.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of LXFT. Morgan Stanley raised its stake in shares of Luxoft Holding by 6.5% 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 stake in Luxoft Holding during the first quarter worth $1,654,000. Finally, Parametric Portfolio Associates LLC increased its position in Luxoft Holding by 53.0% in the first quarter. Alliancebernstein L.P. purchased a new position in Luxoft Holding during the first quarter worth $918,000. Vanguard Group Inc. raised its position in Luxoft Holding, Inc. Blackrock Inc. added to its stake by buying 6,925 shares an increase of 1.4% in the quarter.
Hedge funds have recently modified their holdings of the stock.
Luxoft expects full-year earnings to be $2.85 per share, with revenue expected to be $920 million.
The stock of Luxoft Holding Inc (NYSE:LXFT) hit a new 52-week low and has $40.02 target or 8.00 % below today's $43.50 share price. The firm has a market capitalization of $1.53 billion, a P/E ratio of 28.60 and a beta of 1.46. The company has a 50-day moving average price of $61.88 and a 200-day moving average price of $61.22.
In Technology sector, Luxoft Holding, Inc. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Wednesday, September 9 by Monness Crespi & Hardt. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by $0.05. The business had revenue of $204.10 million for the quarter, compared to the consensus estimate of $202.30 million.
A total of 10 equity analysts have released a report on Luxoft Holding. The business's revenue for the quarter was up 20.6% compared to the same quarter previous year. The company's revenue for the quarter was up 20.6% compared to the same quarter a year ago. On average, equities research analysts predict that Luxoft Holding, Inc. will post $3.39 earnings per share for the current year. If you are reading this story on another site, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/08/12/luxoft-holding-inc-lxft-updates-fy18-earnings-guidance.html.
LXFT has been the subject of a number of other research reports. The stock had previously closed at $60.80. Cantor Fitzgerald restated a "hold" rating and set a $55.00 price target on shares of Luxoft Holding in a research note on Tuesday, May 23rd. Cowen and Company set a $68.00 price objective on Luxoft Holding and gave the company a "buy" rating in a research note on Friday, June 16th. Finally, BidaskClub cut Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. 1 and 2 is equivalent to a buy, 3 a hold, and 4 and 5 a sell rating. The last stock price is down -29.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time.