Luxoft Holding Inc. (NYSE:LXFT) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $66.28.

A number of analysts have commented on LXFT shares. Cantor Fitzgerald restated a “hold” rating and issued a $61.00 price target on shares of Luxoft Holding in a research report on Monday, July 18th. Berenberg Bank restated a “hold” rating on shares of Luxoft Holding in a research report on Tuesday, August 16th. Zacks Investment Research cut Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Wedbush started coverage on Luxoft Holding in a research report on Thursday, September 8th. They set a “neutral” rating and a $62.00 target price for the company. Finally, Pacific Crest reiterated a “hold” rating on shares of Luxoft Holding in a research report on Wednesday, November 9th.

Luxoft Holding (NYSE:LXFT) opened at 54.25 on Wednesday. The stock has a market capitalization of $1.80 billion, a PE ratio of 26.46 and a beta of 1.55. Luxoft Holding has a 52 week low of $46.58 and a 52 week high of $80.64. The firm has a 50-day moving average price of $52.21 and a 200-day moving average price of $55.06.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Luxoft Holding by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 2,023,053 shares of the company’s stock worth $106,918,000 after buying an additional 194,848 shares during the last quarter. Morgan Stanley raised its position in shares of Luxoft Holding by 28.2% in the third quarter. Morgan Stanley now owns 1,866,339 shares of the company’s stock worth $98,636,000 after buying an additional 410,593 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of Luxoft Holding by 11.0% in the third quarter. Wasatch Advisors Inc. now owns 1,750,597 shares of the company’s stock worth $92,519,000 after buying an additional 172,807 shares during the last quarter. BlackRock Group LTD raised its position in shares of Luxoft Holding by 20.2% in the second quarter. BlackRock Group LTD now owns 1,266,325 shares of the company’s stock worth $65,874,000 after buying an additional 213,032 shares during the last quarter. Finally, FMR LLC raised its position in shares of Luxoft Holding by 142.2% in the second quarter. FMR LLC now owns 1,204,750 shares of the company’s stock worth $62,671,000 after buying an additional 707,400 shares during the last quarter. 91.01% of the stock is owned by institutional investors.

About Luxoft Holding

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

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