Luxoft Holding, Inc. (NYSE:LXFT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

LXFT has been the topic of several other reports. Credit Suisse Group downgraded shares of Luxoft Holding from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 7th. Cowen and Company set a $63.00 price target on shares of Luxoft Holding and gave the company a “buy” rating in a research note on Friday, August 11th. Wedbush downgraded shares of Luxoft Holding from an “outperform” rating to a “neutral” rating and upped their price target for the company from $60.80 to $67.00 in a research note on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Luxoft Holding in a research note on Thursday, September 28th. Finally, VTB Capital initiated coverage on shares of Luxoft Holding in a research note on Tuesday, August 15th. They issued a “buy” rating and a $65.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.14.

Luxoft Holding (LXFT) opened at 48.55 on Wednesday. Luxoft Holding has a 12-month low of $40.15 and a 12-month high of $67.85. The stock’s 50 day moving average is $48.03 and its 200-day moving average is $57.78. The company has a market capitalization of $1.63 billion, a P/E ratio of 30.38 and a beta of 1.47.

TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades Luxoft Holding, Inc. (LXFT) to Hold” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/18/bidaskclub-upgrades-luxoft-holding-inc-lxft-to-hold.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Luxoft Holding by 5.4% during the second quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock worth $125,239,000 after purchasing an additional 105,039 shares during the period. Wasatch Advisors Inc. lifted its position in Luxoft Holding by 5.3% during the second quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock worth $100,138,000 after purchasing an additional 82,333 shares during the period. Prudential PLC lifted its position in Luxoft Holding by 2.4% during the second quarter. Prudential PLC now owns 782,042 shares of the software maker’s stock worth $47,587,000 after purchasing an additional 18,476 shares during the period. Standard Life Investments LTD lifted its position in Luxoft Holding by 153.9% during the second quarter. Standard Life Investments LTD now owns 330,669 shares of the software maker’s stock worth $20,114,000 after purchasing an additional 200,442 shares during the period. Finally, Credit Suisse AG lifted its position in Luxoft Holding by 1.6% during the first quarter. Credit Suisse AG now owns 322,811 shares of the software maker’s stock worth $20,192,000 after purchasing an additional 5,148 shares during the period. 78.46% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Luxoft Holding (NYSE:LXFT)

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