Luxoft Holding Inc. (LXFT) Position Maintained by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. held its stake in shares of Luxoft Holding Inc. (NYSE:LXFT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,545 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co. owned 0.11% of Luxoft Holding worth $1,984,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of LXFT. Prudential Financial Inc. bought a new stake in shares of Luxoft Holding during the first quarter valued at $339,000. UBS Asset Management Americas Inc. bought a new stake in shares of Luxoft Holding during the first quarter valued at $2,122,000. A.R.T. Advisors LLC increased its stake in shares of Luxoft Holding by 103.1% in the first quarter. A.R.T. Advisors LLC now owns 22,462 shares of the company’s stock valued at $1,236,000 after buying an additional 11,400 shares in the last quarter. TT International increased its stake in shares of Luxoft Holding by 28.5% in the second quarter. TT International now owns 141,852 shares of the company’s stock valued at $7,379,000 after buying an additional 31,419 shares in the last quarter. Finally, Keel Point LLC increased its stake in shares of Luxoft Holding by 0.3% in the second quarter. Keel Point LLC now owns 8,365 shares of the company’s stock valued at $435,000 after buying an additional 24 shares in the last quarter. 89.20% of the stock is owned by institutional investors and hedge funds.
Luxoft Holding Inc. (NYSE:LXFT) traded down 0.46% during trading on Tuesday, hitting $54.10. The stock had a trading volume of 234,992 shares. The firm has a market cap of $1.79 billion, a PE ratio of 29.23 and a beta of 1.55. Luxoft Holding Inc. has a 52 week low of $46.58 and a 52 week high of $80.64. The company’s 50-day moving average is $52.50 and its 200 day moving average is $54.73.
A number of brokerages have recently commented on LXFT. Zacks Investment Research lowered shares of Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. JPMorgan Chase & Co. restated a “buy” rating and set a $80.00 target price on shares of Luxoft Holding in a research report on Friday, November 11th. Pacific Crest restated a “hold” rating on shares of Luxoft Holding in a research report on Wednesday, November 9th. Wedbush started coverage on shares of Luxoft Holding in a research report on Thursday, September 8th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, Cantor Fitzgerald restated a “hold” rating and set a $55.00 target price on shares of Luxoft Holding in a research report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $67.42.
Luxoft Holding Company Profile
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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