Luxoft Holding, Inc. (LXFT) Stake Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in Luxoft Holding, Inc. (NYSE:LXFT) by 13.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 123,477 shares of the software maker’s stock after selling 18,921 shares during the period. Russell Investments Group Ltd. owned approximately 0.56% of Luxoft worth $5,903,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LXFT. D.A. Davidson & CO. increased its holdings in shares of Luxoft by 9.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after purchasing an additional 168 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its holdings in shares of Luxoft by 0.3% in the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 66,435 shares of the software maker’s stock valued at $4,043,000 after purchasing an additional 171 shares in the last quarter. State Street Corp increased its holdings in shares of Luxoft by 2.7% in the 2nd quarter. State Street Corp now owns 20,008 shares of the software maker’s stock valued at $1,218,000 after purchasing an additional 523 shares in the last quarter. Pacad Investment Ltd. increased its holdings in shares of Luxoft by 50.0% in the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock valued at $201,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Luxoft by 18.3% in the 2nd quarter. Legal & General Group Plc now owns 7,100 shares of the software maker’s stock valued at $432,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Luxoft Holding, Inc. (NYSE LXFT) traded up $0.75 during trading hours on Monday, reaching $53.15. 151,500 shares of the company’s stock traded hands, compared to its average volume of 212,155. Luxoft Holding, Inc. has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market cap of $1,790.99, a P/E ratio of 25.43 and a beta of 1.48.

A number of equities analysts have recently issued reports on the stock. KeyCorp upgraded shares of Luxoft from a “sector weight” rating to an “overweight” rating in a report on Tuesday, December 5th. Pivotal Research assumed coverage on shares of Luxoft in a report on Tuesday, December 5th. They issued a “buy” rating and a $70.00 price target for the company. Zacks Investment Research upgraded shares of Luxoft from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a report on Thursday, November 23rd. UBS increased their price target on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $47.00 price target on shares of Luxoft in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.75.

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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.

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Institutional Ownership by Quarter for Luxoft (NYSE:LXFT)

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