Economy

Luxoft Holding Inc (NYSE:LXFT) Experiences Heavy Trading Volume

Luxoft Holding Inc (NYSE:LXFT) Experiences Heavy Trading Volume

The institutional investor owned 385,420 shares of the company's stock after buying an additional 1,600 shares during the period. Luxoft Holding accounts for about 4.9% of Hartwell J M Limited Partnership's investment portfolio, making the stock its 8th largest position. Luxoft Holding had 30 analyst reports since July 28, 2015 according to SRatingsIntel. To assess the reasonability of LXFT's earnings growth per share, we should look at its most recent growth rate delivered. The stock rose 1.28% or $0.6 reaching $47.55 per share. Millennium Management LLC grew its holdings by buying 32,148 shares an increase of 64.5%. Grandeur Peak Global Advisors LLC boosted its stake in shares of Luxoft Holding by 1.6% in the second quarter. Over the past month the firm's stock is -2.69%, -2.29% for the last quarter, -27.66% for the past six-months and -11.83% for the previous year. After $0.30 actual EPS reported by Luxoft Holding Inc for the previous quarter, Wall Street now forecasts 86.67 % EPS growth. They expect $0.56 EPS, down 15.15 % or $0.10 from last year's $0.66 per share. The value of the investment in LXFT increased from $1,752,000 to $2,538,000 increasing 44.9% quarter to quarter. As of the end of the quarter Nwq Investment Management Company, LLC had acquired 286,497 shares growing its stake by 90.5%. The company's institutional ownership is monitored at 79.4 percent. (NYSE:LXFT) traded up 1.25% on Friday, reaching $56.55. 49,355 shares of the company were exchanged. The company has a 50-day moving average price of $54.16 and a 200 day moving average price of $53.61. Luxoft Holding, Inc. has a twelve month low of $40.15 and a twelve month high of $67.85. Luxoft Holding Inc now has a P/E ratio of 28.98 and the market cap is 1.57B. Credit Suisse downgraded it to "Sell" rating and $43.0 target in Thursday, September 7 report. The rating was initiated by Wedbush with "Neutral" on Friday, September 9. Berenberg Bank updated guidance on LXFT with a rating of "Buy" and a price target of $60.00. Cowen and Company upgraded shares of Luxoft Holding from a "market perform" rating to an "outperform" rating and set a $65.00 price target for the company in a research report on Monday, December 19th. The firm has "Hold" rating by KeyBanc Capital Markets given on Thursday, September 28.

Among 10 analysts covering Luxoft Holding (NYSE:LXFT), 5 have Buy rating, 1 Sell and 4 Hold. Cowen & Co has "Buy" rating and $6300 target.

More news: Ubisoft Makes A Statement On Vivendi's Recent Comments Of The Ubisoft Takeover

Luxoft Holding, Inc. engages in the provision of software development and information technology solutions. It offers software support, product engineering and testing, and technology consulting.


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