What's Luxoft Holding Inc (LXFT) Downside After Making Yearly Low?

Luxoft Holding Inc. released earnings for the first quarter of 2018 revealing troublesome trends and softening its guidance for the year

Luxoft Holding Inc. released earnings for the first quarter of 2018 revealing troublesome trends and softening its guidance for the year

Press coverage about Luxoft Holding (NYSE:LXFT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The firm owned 5,073 shares of the software maker's stock after buying an additional 412 shares during the period.

State Treasurer State Of Michigan increased Skechers U S A Inc (SKX) stake by 78.3% reported in 2016Q4 SEC filing.

A number of hedge funds have recently added to or reduced their stakes in LXFT. Norges Bank bought a new position in Luxoft Holding during the fourth quarter worth about $10,023,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Luxoft Holding by 37.5% in the first quarter. Clinton Group Inc. now owns 9,045 shares of the software maker's stock worth $566,000 after buying an additional 1,522 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of Luxoft Holding by 43.1% in the first quarter. Comgest Global Investors S.A.S. now owns 238,500 shares of the software maker's stock worth $14,918,000 after buying an additional 71,800 shares during the last quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker's stock valued at $3,685,000 after buying an additional 20,396 shares during the period.

In Technology sector, Luxoft Holding, Inc.

Luxoft Holding (LXFT) traded down 24.84% during midday trading on Friday, hitting $45.70. The company has a 50-day moving average price of $61.88 and a 200-day moving average price of $61.22. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.84 and a beta of 1.46.

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Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings data on Monday, May 22nd.

LXFT has been the topic of a number of recent analyst reports. The firm had revenue of $204.10 million for the quarter, compared to the consensus estimate of $202.30 million.

A total of 10 equity analysts have released a report on Luxoft Holding. Next quarter's EPS is expected be $0.90 with next year's EPS projected to be $4.04. During the same period in the previous year, the business posted $0.56 EPS. "(LXFT) Updates FY18 Earnings Guidance" was first reported by Community Financial News and is the property of of Community Financial News. Accern also assigned media stories about the software maker an impact score of 46.7201427584283 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. The correct version of this story can be accessed at https://transcriptdaily.com/2017/08/12/acadian-asset-management-llc-invests-651000-in-luxoft-holding-inc-nyselxft.html. Finally, BidaskClub cut Luxoft Holding from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. Cantor Fitzgerald reaffirmed a "hold" rating and issued a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. The stock had previously closed at $60.80. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.

The Business's software development services consist of custom software development and support, product engineering and testing, and technology consulting.

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