Jacobson & Schmitt Advisors LLC Increases Holdings in Luxoft Holding, Inc. (LXFT)

Jacobson & Schmitt Advisors LLC boosted its holdings in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,435 shares of the software maker’s stock after acquiring an additional 171 shares during the period. Luxoft Holding comprises 2.7% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 22nd largest holding. Jacobson & Schmitt Advisors LLC owned approximately 0.30% of Luxoft Holding worth $4,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LXFT. Eqis Capital Management Inc. acquired a new position in Luxoft Holding during the first quarter worth about $234,000. Boston Partners raised its position in Luxoft Holding by 47.4% during the first quarter. Boston Partners now owns 78,676 shares of the software maker’s stock worth $4,921,000 after acquiring an additional 25,287 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Luxoft Holding by 53.0% during the first quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker’s stock worth $3,685,000 after acquiring an additional 20,396 shares during the last quarter. Oxford Asset Management acquired a new position in Luxoft Holding during the first quarter worth about $1,654,000. Finally, Comgest Global Investors S.A.S. raised its position in Luxoft Holding by 43.1% during 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 acquiring an additional 71,800 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

A number of equities analysts have issued reports on the stock. UBS AG restated a “neutral” rating and set a $66.00 target price (up previously from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Monday, August 14th. Cantor Fitzgerald restated a “hold” rating and set a $55.00 target price on shares of Luxoft Holding in a research report on Tuesday, May 23rd. VTB Capital assumed coverage on shares of Luxoft Holding in a research report on Tuesday, August 15th. They set a “buy” rating and a $65.00 target price for the company. Finally, Cowen and Company lifted their target price on shares of Luxoft Holding from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Luxoft Holding presently has an average rating of “Hold” and a consensus price target of $64.38.

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Luxoft Holding, Inc. (NYSE:LXFT) traded up 1.04% during trading on Monday, hitting $48.35. 57,595 shares of the stock were exchanged. Luxoft Holding, Inc. has a 12-month low of $40.15 and a 12-month high of $67.85. The stock’s 50-day moving average price is $54.32 and its 200-day moving average price is $59.76. The firm has a market cap of $1.62 billion, a PE ratio of 30.26 and a beta of 1.50.

Luxoft Holding 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 Holding (NYSE:LXFT)

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