What's Luxoft Holding Inc (LXFT) Downside After Making Yearly Low?

Luxoft Holding

Luxoft Holding

LXFT has been the topic of a number of recent analyst reports. More interesting news about Luxoft Holding Inc (NYSE:LXFT) were released by: Businesswire.com and their article: "Luxoft Holding, Inc Files Annual Report for the Year Ended March 31, 2017" published on July 14, 2017 as well as Businesswire.com's news article titled: "Luxoft Holding, Inc Reports Results for Three Months Ended June 30, 2017" with publication date: August 10, 2017. Zacks Investment Research lowered Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Friday, May 26th. UBS AG reiterated a "neutral" rating and issued a $66.00 price target (up from $63.00) on shares of Luxoft Holding in a report on Thursday, May 25th. 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of "Hold" and a consensus price target of $65.00. Company chares are trading at $45.90 much lower than the 50 day moving average of $61.88 and which is well below the 200 day moving average of $61.22. The stock had a trading volume of 4,234,812 shares. The firm has a market capitalization of $1.53 billion, a P/E ratio of 28.60 and a beta of 1.46. The 50 day moving average went down $-15.26 or -24.654% whereas the 200 day moving average was down $-14.59 or -23.835%. The value of the company's investment in Luxoft Holding, Inc. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Wednesday, September 9 by Monness Crespi & Hardt.

Excluding one-time items, the company earned $0.50 during the three months ended June 30, down from $0.62 per share during the same quarter a year ago and missing the Capital IQ consensus by $0.24 per share. Luxoft Holding had a return on equity of 21.06% and a net margin of 7.97%. The company had revenue of $204.10 million for the quarter, compared to analyst estimates of $202.30 million. Next quarter's EPS is expected be $0.90 and the next full year EPS is anticipated to be $4.04. Luxoft Holding's revenue was up 20.6% compared to the same quarter previous year.

ILLEGAL ACTIVITY NOTICE: "Luxoft Holding, Inc". If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of USA & global copyright and trademark law. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Tuesday, July 28 by UBS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Finally, Parametric Portfolio Associates LLC boosted its stake in Luxoft Holding by 53.0% in the first quarter. Morgan Stanley raised its stake in shares of Luxoft Holding by 6.5% in the first quarter. The Walthausen & Company holds 101,282 shares with $5.67M value, down from 182,632 last quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker's stock worth $3,685,000 after buying an additional 20,396 shares during the period. Clinton Group Inc. increased its position in Luxoft Holding by 20.2% in the first quarter. Russell Investments Group Ltd. now owns 278,586 shares of the software maker's stock worth $17,426,000 after buying an additional 75,998 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Luxoft Holding during the fourth quarter worth $10,023,000. Its advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms.