Comgest Global Investors S.A.S. continued to hold its stake in shares of Luxoft Holding Inc. (NYSE:LXFT) during the second quarter, Holdings Channel reports. The firm owned 116,300 shares of the company’s stock at the end of the second quarter. Luxoft Holding accounts for about 0.2% of Comgest Global Investors S.A.S.’s holdings, making the stock its 27th largest position. Comgest Global Investors S.A.S.’s holdings in Luxoft Holding were worth $6,050,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in LXFT. Handelsbanken Fonder AB raised its position in Luxoft Holding by 21.1% in the second quarter. Handelsbanken Fonder AB now owns 379,000 shares of the company’s stock worth $19,716,000 after buying an additional 66,000 shares during the period. A.R.T. Advisors LLC raised its position in Luxoft Holding by 103.1% in the first quarter. A.R.T. Advisors LLC now owns 22,462 shares of the company’s stock worth $1,236,000 after buying an additional 11,400 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Luxoft Holding during the first quarter worth $360,000. Prudential Financial Inc. acquired a new position in Luxoft Holding during the first quarter worth $339,000. Finally, BlackRock Group LTD raised its position in Luxoft Holding by 71.0% in the first quarter. BlackRock Group LTD now owns 1,053,293 shares of the company’s stock worth $57,962,000 after buying an additional 437,292 shares during the period. 87.74% of the stock is owned by institutional investors and hedge funds.
Luxoft Holding Inc. (NYSE:LXFT) traded down 2.70% during mid-day trading on Thursday, hitting $51.45. The stock had a trading volume of 429,705 shares. The company has a market cap of $1.71 billion, a PE ratio of 25.10 and a beta of 1.56. The firm’s 50-day moving average price is $52.49 and its 200 day moving average price is $55.77. Luxoft Holding Inc. has a one year low of $46.58 and a one year high of $80.64.
Luxoft Holding (NYSE:LXFT) last announced its earnings results on Thursday, August 11th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.01. Luxoft Holding had a net margin of 10.24% and a return on equity of 24.69%. The company earned $178 million during the quarter, compared to analysts’ expectations of $176.39 million. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities research analysts anticipate that Luxoft Holding Inc. will post $2.92 EPS for the current year.
A number of research firms recently weighed in on LXFT. Berenberg Bank began coverage on shares of Luxoft Holding in a report on Friday, June 10th. They issued a “buy” rating and a $85.00 target price for the company. Zacks Investment Research downgraded Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Wedbush began coverage on Luxoft Holding in a research report on Thursday, September 8th. They issued a “neutral” rating and a $62.00 price target for the company. Cantor Fitzgerald restated a “hold” rating and issued a $55.00 price target on shares of Luxoft Holding in a research report on Wednesday, August 17th. Finally, Pacific Crest began coverage on Luxoft Holding in a research report on Tuesday, July 12th. They issued a “sector weight” rating for the company. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.80.
Luxoft Holding Company Profile
Luxoft Holding, Inc is a provider of software development services and information technology (IT) solutions. The Company’s software development services consist of custom software development and support, product engineering and testing and technology consulting. The Company’s services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements.
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