Luxoft Holding, Inc. (LXFT) to Release Earnings on Friday

Luxoft Holding, Inc. (NYSE:LXFT) will be posting its quarterly earnings results after the market closes on Friday, November 17th. Analysts expect Luxoft Holding to post earnings of $0.78 per share for the quarter.

Luxoft Holding, Inc. (LXFT) opened at $46.65 on Wednesday. Luxoft Holding, Inc. has a 52 week low of $40.15 and a 52 week high of $67.85. The company has a market cap of $1,027.10, a PE ratio of 22.20 and a beta of 1.45.

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A hedge fund recently raised its stake in Luxoft Holding stock. Vanguard Group Inc. raised its stake in Luxoft Holding, Inc. (NYSE:LXFT) by 104.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,824 shares of the software maker’s stock after buying an additional 4,000 shares during the period. Vanguard Group Inc.’s holdings in Luxoft Holding were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 80.69% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. VTB Capital assumed coverage on shares of Luxoft Holding in a research note on Tuesday, August 15th. They set a “buy” rating and a $65.00 price target for the company. Cowen and Company set a $63.00 price target on shares of Luxoft Holding and gave the stock a “buy” rating in a research note on Friday, August 11th. KeyCorp reaffirmed a “hold” rating on shares of Luxoft Holding in a research note on Friday, November 3rd. Credit Suisse Group AG cut shares of Luxoft Holding from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research cut shares of Luxoft Holding from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.67.

About Luxoft Holding

Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

Earnings History for Luxoft Holding (NYSE:LXFT)

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