Luxoft (NYSE:LXFT) had its target price trimmed by JPMorgan Chase & Co. from $69.00 to $65.00 in a research report released on Wednesday. The firm currently has an overweight rating on the software maker’s stock.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Luxoft from a buy rating to a hold rating in a research note on Thursday, January 18th. Cantor Fitzgerald upgraded Luxoft from a neutral rating to an overweight rating and set a $65.00 price objective for the company in a research note on Wednesday, January 17th. KeyCorp upgraded Luxoft from a sector weight rating to an overweight rating in a research note on Tuesday, December 5th. Pivotal Research assumed coverage on Luxoft in a research note on Tuesday, December 5th. They set a buy rating and a $70.00 price objective for the company. Finally, UBS Group upped their price objective on Luxoft from $51.00 to $55.00 and gave the stock a neutral rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Luxoft presently has an average rating of Hold and a consensus price target of $57.82.
Luxoft (NYSE LXFT) opened at $43.45 on Wednesday. The company has a market capitalization of $1,460.00, a price-to-earnings ratio of 25.12 and a beta of 1.41. Luxoft has a 52 week low of $40.15 and a 52 week high of $67.85.
A number of hedge funds have recently made changes to their positions in LXFT. Wells Fargo & Company MN boosted its position in Luxoft by 182.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after acquiring an additional 2,215 shares during the period. GCA Investment Management LLC acquired a new position in Luxoft during the 4th quarter worth $217,000. Trexquant Investment LP boosted its position in Luxoft by 64.4% during the 3rd quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock worth $271,000 after acquiring an additional 2,218 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Luxoft during the 2nd quarter worth $344,000. Finally, Janney Capital Management LLC boosted its position in Luxoft by 75.4% during the 3rd quarter. Janney Capital Management LLC now owns 8,898 shares of the software maker’s stock worth $425,000 after acquiring an additional 3,825 shares during the period. Institutional investors own 52.23% of the company’s stock.
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.
Receive News & Ratings for Luxoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft and related companies with MarketBeat.com's FREE daily email newsletter.