Luxoft Holding Inc (NYSE:LXFT) – Wedbush increased their Q3 2018 earnings per share estimates for Luxoft in a research note issued on Tuesday. Wedbush analyst M. Katri now expects that the software maker will post earnings per share of $0.67 for the quarter, up from their prior forecast of $0.63. Wedbush also issued estimates for Luxoft’s Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.21 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.76 EPS.

LXFT has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Luxoft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Cowen restated a “buy” rating and issued a $63.00 price target on shares of Luxoft in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Luxoft in a research note on Friday, November 3rd. UBS Group raised their price target on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, BidaskClub downgraded shares of Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.75.

Luxoft (NYSE:LXFT) traded up $0.15 on Thursday, hitting $57.15. 218,368 shares of the stock were exchanged, compared to its average volume of 212,584. Luxoft has a one year low of $40.15 and a one year high of $67.85. The firm has a market cap of $1,920.00, a P/E ratio of 34.22 and a beta of 1.48.

A number of large investors have recently bought and sold shares of LXFT. D.A. Davidson & CO. boosted its position 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 period. Pacad Investment Ltd. boosted its position 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 period. Wells Fargo & Company MN boosted its position 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 period. Trexquant Investment LP boosted its position in Luxoft by 64.4% during the 3rd quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock worth $271,000 after buying an additional 2,218 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in Luxoft during the 2nd quarter worth approximately $298,000. Institutional investors and hedge funds own 51.01% of the company’s stock.

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Luxoft Company Profile

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.

Earnings History and Estimates for Luxoft (NYSE:LXFT)

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