Luxoft Holding, Inc. (LXFT) Updates FY18 Earnings Guidance

Luxoft Holding Inc. released earnings for the first quarter of 2018 revealing troublesome trends and softening its guidance for the year

Luxoft Holding Inc. released earnings for the first quarter of 2018 revealing troublesome trends and softening its guidance for the year

(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.

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