Jacobson & Schmitt Advisors LLC Has $4.97 Million Position in Luxoft Holding, Inc. (LXFT)
Jacobson & Schmitt Advisors LLC increased its stake in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 56.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,957 shares of the software maker’s stock after purchasing an additional 37,522 shares during the quarter. Luxoft accounts for 3.3% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 13th largest holding. Jacobson & Schmitt Advisors LLC owned about 0.47% of Luxoft worth $4,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in LXFT. D.A. Davidson & CO. lifted its holdings in Luxoft by 9.1% during the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after buying an additional 168 shares during the last quarter. Bank of America Corp DE lifted its holdings in Luxoft by 305.1% during the 1st quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock worth $139,000 after buying an additional 1,678 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in Luxoft by 50.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after buying an additional 1,100 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 buying an additional 2,215 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Luxoft during the 2nd quarter worth about $210,000. 78.81% of the stock is owned by institutional investors.
Luxoft Holding, Inc. (NYSE:LXFT) traded up $0.70 during trading on Monday, hitting $52.80. The stock had a trading volume of 213,700 shares, compared to its average volume of 210,951. Luxoft Holding, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The stock has a market cap of $1,168.78, a P/E ratio of 25.26 and a beta of 1.45.
A number of analysts have issued reports on the company. Berenberg Bank set a $60.00 price target on Luxoft and gave the stock a “buy” rating in a report on Monday, August 14th. Zacks Investment Research downgraded Luxoft from a “buy” rating to a “strong sell” rating in a report on Wednesday, August 16th. VTB Capital assumed coverage on Luxoft in a report on Tuesday, August 15th. They issued a “buy” rating and a $65.00 target price for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $47.00 target price on shares of Luxoft in a report on Friday, November 17th. Finally, BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.50.
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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.
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