Brokerages Set Luxoft Holding Inc (LXFT) Price Target at $50.14

Man Group plc boosted its position in shares of Luxoft by 2.2% during the 3rd quarter. Man Group plc now owns 350,564 shares of the software …

Luxoft logoShares of Luxoft Holding Inc (NYSE:LXFT) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $50.14.

A number of brokerages have recently commented on LXFT. Zacks Investment Research upgraded Luxoft from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group set a $48.00 price target on Luxoft and gave the company a “hold” rating in a research note on Monday, October 15th. KeyCorp dropped their price target on Luxoft from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. Cantor Fitzgerald restated a “buy” rating and issued a $52.00 price objective on shares of Luxoft in a report on Thursday, November 15th. Finally, JPMorgan Chase & Co. downgraded Luxoft from a “neutral” rating to an “underweight” rating in a report on Thursday, November 15th.

A number of institutional investors have recently modified their holdings of the business. NJ State Employees Deferred Compensation Plan boosted its position in shares of Luxoft by 50.0% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the software maker’s stock worth $365,000 after purchasing an additional 4,000 shares in the last quarter. Moon Capital Management LLC boosted its position in shares of Luxoft by 1.3% during the 4th quarter. Moon Capital Management LLC now owns 78,000 shares of the software maker’s stock worth $2,373,000 after purchasing an additional 980 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Luxoft by 1.4% during the 4th quarter. Confluence Investment Management LLC now owns 108,185 shares of the software maker’s stock worth $3,291,000 after purchasing an additional 1,445 shares in the last quarter. Man Group plc boosted its position in shares of Luxoft by 2.2% during the 3rd quarter. Man Group plc now owns 350,564 shares of the software maker’s stock worth $16,599,000 after purchasing an additional 7,533 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its position in shares of Luxoft by 7.3% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 298,200 shares of the software maker’s stock worth $14,120,000 after purchasing an additional 20,175 shares in the last quarter. Hedge funds and other institutional investors own 56.04% of the company’s stock.

NYSE LXFT opened at $57.68 on Friday. Luxoft has a fifty-two week low of $29.73 and a fifty-two week high of $58.80. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 27.60 and a beta of 1.46.

Luxoft (NYSE:LXFT) last released its earnings results on Thursday, November 15th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.07. Luxoft had a return on equity of 14.00% and a net margin of 5.64%. The firm had revenue of $228.41 million during the quarter, compared to analysts’ expectations of $229.42 million. On average, equities analysts anticipate that Luxoft will post 1.76 EPS for the current fiscal year.

Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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Analyst Recommendations for Luxoft (NYSE:LXFT)

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Man Group plc Buys 7533 Shares of Luxoft Holding Inc (NYSE:LXFT)

Man Group plc grew its position in Luxoft Holding Inc (NYSE:LXFT) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities …

Luxoft logoMan Group plc grew its position in Luxoft Holding Inc (NYSE:LXFT) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,564 shares of the software maker’s stock after buying an additional 7,533 shares during the quarter. Man Group plc owned 1.04% of Luxoft worth $16,599,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Luxoft by 1.3% in the third quarter. FMR LLC now owns 2,242,332 shares of the software maker’s stock valued at $106,174,000 after acquiring an additional 28,998 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Luxoft by 82.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,955,048 shares of the software maker’s stock valued at $92,571,000 after purchasing an additional 884,095 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Luxoft by 140.6% in the third quarter. Franklin Resources Inc. now owns 1,392,572 shares of the software maker’s stock valued at $65,938,000 after purchasing an additional 813,800 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new stake in shares of Luxoft in the third quarter valued at approximately $39,610,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Luxoft by 12.5% in the third quarter. Alliancebernstein L.P. now owns 659,550 shares of the software maker’s stock valued at $31,230,000 after purchasing an additional 73,120 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

NYSE:LXFT traded up $0.04 during midday trading on Friday, reaching $57.24. The company had a trading volume of 923,900 shares, compared to its average volume of 2,940,750. The firm has a market cap of $1.93 billion, a PE ratio of 27.39 and a beta of 1.46. Luxoft Holding Inc has a 12-month low of $29.73 and a 12-month high of $58.80.

Luxoft (NYSE:LXFT) last announced its quarterly earnings results on Thursday, November 15th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.07. The company had revenue of $228.41 million during the quarter, compared to the consensus estimate of $229.42 million. Luxoft had a return on equity of 14.00% and a net margin of 5.64%. Equities analysts anticipate that Luxoft Holding Inc will post 1.76 earnings per share for the current fiscal year.

Several research firms recently commented on LXFT. ValuEngine raised Luxoft from a “hold” rating to a “buy” rating in a report on Monday. VTB Capital cut Luxoft from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Credit Suisse Group raised their target price on Luxoft from $35.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, September 20th. Finally, KeyCorp lowered their price target on Luxoft from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.89.

COPYRIGHT VIOLATION WARNING: “Man Group plc Buys 7,533 Shares of Luxoft Holding Inc (NYSE:LXFT)” was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/01/11/luxoft-holding-inc-lxft-shares-bought-by-man-group-plc.html.

Luxoft Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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Institutional Ownership by Quarter for Luxoft (NYSE:LXFT)

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As Ibm (IBM) Stock Declined, Shareholder Boyd Watterson Asset Management Has Lowered Its …

… Resorts, Inc. Announces Leading-Edge Joint Development Agreement With IBM Research; 27/03/2018 – ShiftPixy Leverages IBM’s Watson to Better …

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Hartwell J M Limited Partnership decreased its stake in Luxoft Holding Inc (LXFT) by 29.1% based on its latest 2018Q3 regulatory filing with the SEC. Hartwell J M Limited Partnership sold 8,600 shares as the company’s stock declined 29.42% with the market. The hedge fund held 20,950 shares of the technology company at the end of 2018Q3, valued at $992,000, down from 29,550 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Luxoft Holding Inc for a number of months, seems to be less bullish one the $1.03 billion market cap company. The stock decreased 0.36% or $0.11 during the last trading session, reaching $30.6. About 55,828 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has declined 37.37% since December 30, 2017 and is downtrending. It has underperformed by 37.37% the S&P500. Some Historical LXFT News: 19/03/2018 – congatec Powers Luxoft’s Modular Next-Gen Automotive Reference Platform; 24/05/2018 – LUXOFT HOLDING 4Q ADJ EPS 59C, EST. 60C; 24/05/2018 – Luxoft Holding 4Q EPS 34c; 02/05/2018 – Wasatch Advisors Inc. Exits Position in Luxoft Holding; 24/05/2018 – LUXOFT HOLDING INC QTRLY REVENUE OF $232.9 MLN, UP 14.1% YEAR-OVER-YEAR AND DOWN 1.6% SEQUENTIALLY; 09/04/2018 – LUXOFT HOLDING – REPURCHASES MAY BE MADE FROM TIME TO TIME ON OPEN MARKET AT PREVAILING MARKET PRICES & WILL BE FUNDED FROM AVAILABLE CASH; 23/04/2018 – Luxoft Develops ‘Blockchain Adapter’ for a Business Process Management Tool on Appian’s Platform; 19/03/2018 – congatec Powers Luxoft’s Modular Next-Gen Automotive Reference Platform; 24/05/2018 – Luxoft Holding 4Q Rev $232.9M; 24/05/2018 – LUXOFT HOLDING INC QTRLY NON-GAAP DILUTED EPS OF $0.59

Boyd Watterson Asset Management Llc decreased its stake in Ibm Corp (IBM) by 42.18% based on its latest 2018Q3 regulatory filing with the SEC. Boyd Watterson Asset Management Llc sold 2,222 shares as the company’s stock declined 16.83% with the market. The institutional investor held 3,046 shares of the computer manufacturing company at the end of 2018Q3, valued at $461,000, down from 5,268 at the end of the previous reported quarter. Boyd Watterson Asset Management Llc who had been investing in Ibm Corp for a number of months, seems to be less bullish one the $102.72B market cap company. The stock decreased 0.66% or $0.75 during the last trading session, reaching $113.03. About 5.12M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 30, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 21/03/2018 – Datameer Partners with IBM in New Data Science and Machine Learning Platform; 26/04/2018 – Host Hotels & Resorts, Inc. Announces Leading-Edge Joint Development Agreement With IBM Research; 27/03/2018 – ShiftPixy Leverages IBM’s Watson to Better Connect and Scale; 15/03/2018 – MasterCard and IBM to set up European `data trust’; 20/03/2018 – NEUVECTOR & IBM CLOUD REPORT RUN-TIME SECURITY FOR KUBERNETES; 17/04/2018 – IBM 1Q Global Business Services Rev $4.17B; 24/04/2018 – IBM BOOSTS QTR DIV TO $1.57/SHR, FROM $1.50, EST. $1.60; 14/05/2018 – IBM Executives Press U.S. Lawmakers Not to Adopt EU Privacy Law; 17/04/2018 – IBM 1Q Net $1.68B; 24/05/2018 – IBM: Credit Mutuel to Deploy Watson Across All Business Lines

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “What Should I Do With My IBM Shares? – Seeking Alpha” on December 16, 2018, also Businesswire.com with their article: “IBM Elects Martha E. Pollack to Its Board of Directors – Business Wire” published on December 11, 2018, Gurufocus.com published: “Berkshire Hathaway Has Given Up on IBM, but Recent Acquisition May Resuscitate Big Blue – GuruFocus.com” on December 04, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “2 Dividend Stocks to Buy on Sale – The Motley Fool” published on December 09, 2018 as well as Fool.com‘s news article titled: “2 Embarrassingly Cheap Dividend Stocks – Motley Fool” with publication date: December 08, 2018.

Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It increased, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Weatherly Asset Mngmt LP has invested 0.56% of its portfolio in International Business Machines Corporation (NYSE:IBM). Viking Fund Mngmt Limited Liability Corporation reported 27,000 shares. Voya Inv Management Ltd Co reported 0.15% of its portfolio in International Business Machines Corporation (NYSE:IBM). Utd Fire Inc reported 0.17% of its portfolio in International Business Machines Corporation (NYSE:IBM). Nelson Roberts Advsr Ltd Liability Company holds 0.04% or 1,231 shares. Busey has 14,451 shares. Litman Gregory Asset Mgmt Limited Liability Corporation owns 50 shares. Coldstream Management Inc holds 0.06% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 4,218 shares. Valley Advisers Inc invested in 3,896 shares or 0.2% of the stock. Windsor Cap Ltd Liability Company owns 2,417 shares or 0.16% of their US portfolio. Legacy Private Trust Commerce holds 3,770 shares or 0.06% of its portfolio. Van Strum And Towne Inc invested in 28,520 shares. Hussman Strategic invested 0.22% of its portfolio in International Business Machines Corporation (NYSE:IBM). Nomura Asset Co Limited stated it has 197,701 shares or 0.29% of all its holdings. Telemus Cap Limited Liability Company has invested 0.05% of its portfolio in International Business Machines Corporation (NYSE:IBM).

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 EPS, down 6.18% or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42B for 5.81 P/E if the $4.86 EPS becomes a reality. After $3.42 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

Since August 3, 2018, it had 5 buys, and 1 insider sale for $426,695 activity. 1,000 International Business Machines Corporation (NYSE:IBM) shares with value of $114,673 were bought by OWENS JAMES W. 11,451 shares were sold by Gherson Diane J, worth $1.67M on Friday, August 3. On Wednesday, October 31 TAUREL SIDNEY bought $495,846 worth of International Business Machines Corporation (NYSE:IBM) or 4,311 shares. Rometty Virginia M also bought $998,835 worth of International Business Machines Corporation (NYSE:IBM) on Friday, November 2. The insider WADDELL FREDERICK H bought 2,153 shares worth $249,722.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, January 8 with “Buy”. The firm earned “Buy” rating on Wednesday, March 22 by Argus Research. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, July 19. The firm has “Buy” rating by Morgan Stanley given on Wednesday, July 19. JP Morgan maintained International Business Machines Corporation (NYSE:IBM) on Friday, October 2 with “Neutral” rating. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Tuesday, August 15 by RBC Capital Markets. Bernstein maintained the shares of IBM in report on Wednesday, April 12 with “Market Perform” rating. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by BMO Capital Markets on Friday, January 19. Societe Generale upgraded the shares of IBM in report on Monday, September 26 to “Hold” rating. The rating was maintained by Stifel Nicolaus on Wednesday, April 18 with “Buy”.

Boyd Watterson Asset Management Llc, which manages about $4.87B and $174.94M US Long portfolio, upped its stake in Ishares Msci Emrg Mkt Indx (EEM) by 9,000 shares to 18,496 shares, valued at $794,000 in 2018Q3, according to the filing.

Among 14 analysts covering Luxoft Holding (NYSE:LXFT), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Luxoft Holding had 48 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Underweight” rating by JP Morgan on Thursday, November 15. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Buy” rating by UBS on Thursday, November 12. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Market Perform” rating given on Friday, February 19 by Cowen & Co. As per Friday, August 11, the company rating was downgraded by Wedbush. The company was initiated on Friday, June 10 by Berenberg. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, May 22. The firm has “Buy” rating by Cowen & Co given on Thursday, October 12. The company was downgraded on Thursday, May 24 by William Blair. The firm has “Hold” rating given on Wednesday, February 14 by Cowen & Co. The firm earned “Neutral” rating on Thursday, February 15 by Credit Suisse.

Hartwell J M Limited Partnership, which manages about $535.54M and $575.16M US Long portfolio, upped its stake in Intelsat (NYSE:I) by 35,500 shares to 225,800 shares, valued at $6.77M in 2018Q3, according to the filing. It also increased its holding in Affiliated Managers Group Inc. (NYSE:AMG) by 16,000 shares in the quarter, for a total of 28,457 shares, and has risen its stake in Home Depot Inc. (NYSE:HD).

Another recent and important Luxoft Holding, Inc. (NYSE:LXFT) news was published by Seekingalpha.com which published an article titled: “Luxoft Shares Oversold, Provide Good Return Potential – Seeking Alpha” on November 30, 2018.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Quantbot Technologies LP Boosted Its Holding in Luxoft Holding (LXFT) by $363400; First Midwest …

N FY2018 SHR VIEW $13.83 — THOMSON REUTERS l/B/E/S; 24/03/2018 – Crown Prince Tours IBM Watson Health Center; 28/05/2018 – David …

August 17, 2018 – By Lena Young

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Quantbot Technologies Lp increased its stake in Luxoft Holding Inc (LXFT) by 665.57% based on its latest 2018Q1 regulatory filing with the SEC. Quantbot Technologies Lp bought 9,085 shares as the company’s stock declined 26.09% with the market. The hedge fund held 10,450 shares of the technology company at the end of 2018Q1, valued at $427,000, up from 1,365 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Luxoft Holding Inc for a number of months, seems to be bullish on the $1.42B market cap company. The stock increased 3.06% or $1.25 during the last trading session, reaching $42.05. About 92,989 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has declined 50.30% since August 17, 2017 and is downtrending. It has underperformed by 62.87% the S&P500. Some Historical LXFT News: 02/05/2018 – Wasatch Advisors Inc. Exits Position in Luxoft Holding; 09/04/2018 – Luxoft Holding, Inc Announces Up To $60 Million Share Repurchase Program; 24/05/2018 – Luxoft Holding 4Q Rev $232.9M; 17/04/2018 – SoftBank Robotics America Announces Luxoft as Premier Development Partner for Pepper, the Humanoid Robot; 04/04/2018 – $GLOB premium valuation to $EPAM and $LXFT should dissipate given higher business risk and lower financial transparency. $GLOB 40%-50% downside; 09/04/2018 – LUXOFT HOLDING, REPORTS UP TO $60M SHARE BUYBACK PROGRAM; 24/05/2018 – Luxoft Holding 4Q EPS 34c; 24/05/2018 – Luxoft Holding 4Q Adj EPS 59c; 12/03/2018 Luxoft Accelerates the Development of In-Car Applications with the AUTOSAR Consortium; 24/05/2018 – Luxoft Holding Closes Below 50-Day Moving Average: Technicals

First Midwest Bank Trust Division decreased its stake in International Business Machs (IBM) by 9.94% based on its latest 2018Q1 regulatory filing with the SEC. First Midwest Bank Trust Division sold 3,288 shares as the company’s stock declined 9.42% with the market. The institutional investor held 29,776 shares of the computer manufacturing company at the end of 2018Q1, valued at $4.57M, down from 33,064 at the end of the previous reported quarter. First Midwest Bank Trust Division who had been investing in International Business Machs for a number of months, seems to be less bullish one the $133.57 billion market cap company. The stock increased 0.69% or $0.999 during the last trading session, reaching $146.339. About 1.64 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 17, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 16/05/2018 – FRENCH PRESIDENT MACRON TO MEET FACEBOOK FB.O CEO ZUCKERBERG IN PARIS ON MAY 23 – ELYSEE; 19/03/2018 – IBM GERMANY IS SAID TO PLAN SELLING PARTS OF SERVICE BUS.: WIWO; 10/04/2018 – Defense Info: DISA grants provisional authorization at data impact level 5 to IBM; 08/05/2018 – IBM and Red Hat Join Forces to Accelerate Hybrid Cloud Adoption; 17/04/2018 – IBM – “A HIGHER LEVEL OF WORKFORCE TRANSFORMATION ACTIVITY DROVE ANOTHER 6 POINTS OF EXPENSE GROWTH” IN THE QTR – CONF CALL; 20/03/2018 – INTERNATIONAL BUSINESS MACHINES CORP IBM.N FY2018 SHR VIEW $13.83 — THOMSON REUTERS l/B/E/S; 24/03/2018 – Crown Prince Tours IBM Watson Health Center; 28/05/2018 – David Kenny, IBM’s senior vice president of Watson and Cloud, said artificial intelligence is already proving to be beneficial; 14/03/2018 – IBM Study: Responding to Cybersecurity lncidents Still a Major Challenge for Businesses; 08/03/2018 – WhiteSource Recognized for Rapid Growth in 2017, Breaking Top 30 on List of Top 1000 SaaS Companies Worldwide

Quantbot Technologies Lp, which manages about $581.51M and $1.16B US Long portfolio, decreased its stake in Siriusxm A by 12,209 shares to 10,238 shares, valued at $420,000 in 2018Q1, according to the filing. It also reduced its holding in Leucadia National Corp (NYSE:LUK) by 34,635 shares in the quarter, leaving it with 14,780 shares, and cut its stake in Oasis Petroleum Inc (NYSE:OAS).

Among 13 analysts covering Luxoft Holding (NYSE:LXFT), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Luxoft Holding had 41 analyst reports since July 28, 2015 according to SRatingsIntel. Monness Crespi & Hardt maintained Luxoft Holding, Inc. (NYSE:LXFT) rating on Monday, January 4. Monness Crespi & Hardt has “Buy” rating and $84 target. Cowen & Co maintained the shares of LXFT in report on Friday, July 28 with “Buy” rating. As per Friday, September 9, the company rating was initiated by Wedbush. The firm earned “Overweight” rating on Wednesday, February 14 by JP Morgan. The rating was initiated by Monness Crespi & Hardt with “Buy” on Wednesday, September 9. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Hold” rating by KeyBanc Capital Markets on Thursday, September 28. Wedbush upgraded Luxoft Holding, Inc. (NYSE:LXFT) on Friday, January 6 to “Outperform” rating. The stock has “Neutral” rating by Credit Suisse on Thursday, February 15. The firm earned “Buy” rating on Friday, August 11 by Cowen & Co. Credit Suisse downgraded Luxoft Holding, Inc. (NYSE:LXFT) on Thursday, September 7 to “Sell” rating.

More important recent Luxoft Holding, Inc. (NYSE:LXFT) news were published by: Streetinsider.com which released: “Luxoft Holding (LXFT) Buys Objective Software GmbH” on August 07, 2018, also Benzinga.com published article titled: “Earnings Scheduled For August 15, 2018”, Streetinsider.com published: “Form 6-K Luxoft Holding, Inc For: Jun 30” on August 15, 2018. More interesting news about Luxoft Holding, Inc. (NYSE:LXFT) was released by: Seekingalpha.com and their article: “Andvari Associates Q2 2018 Letter” with publication date: July 25, 2018.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 16. They expect $3.43 EPS, up 3.94% or $0.13 from last year’s $3.3 per share. IBM’s profit will be $3.13 billion for 10.67 P/E if the $3.43 EPS becomes a reality. After $3.08 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 11.36% EPS growth.

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Delta Asset Llc Tn, a Tennessee-based fund reported 6,224 shares. Harding Loevner LP holds 0% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 380 shares. Barclays Public Ltd Com invested in 2.43M shares or 0.28% of the stock. Denali Advsr Lc reported 61,714 shares. Bailard accumulated 14,375 shares or 0.14% of the stock. Strategic Wealth Advisors Grp has 0.1% invested in International Business Machines Corporation (NYSE:IBM) for 10,569 shares. Mrj Capital has invested 1.6% of its portfolio in International Business Machines Corporation (NYSE:IBM). Seabridge Invest Limited Liability Co owns 3.34% invested in International Business Machines Corporation (NYSE:IBM) for 96,927 shares. Inverness Counsel Limited Liability Company owns 5,168 shares. Shelter Retirement Plan has 45,400 shares. Aspiriant Ltd Liability Company has 0.09% invested in International Business Machines Corporation (NYSE:IBM). Yhb Inv Advsr Incorporated holds 0.15% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 5,626 shares. Livforsakringsbolaget Skandia Omsesidigt reported 42,816 shares stake. Asset Mgmt Of Georgia Inc Ga Adv reported 3,383 shares stake. Walleye Trading Limited Com, a Minnesota-based fund reported 64,894 shares.

Since February 23, 2018, it had 0 buys, and 3 insider sales for $4.46 million activity. Gherson Diane J sold $1.67 million worth of International Business Machines Corporation (NYSE:IBM) on Friday, August 3.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Guggenheim with “Neutral” on Wednesday, January 4. JP Morgan maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, April 19. JP Morgan has “Neutral” rating and $159 target. Goldman Sachs maintained the shares of IBM in report on Tuesday, July 19 with “Neutral” rating. The stock has “Buy” rating by S&P Research on Wednesday, October 21. KeyBanc Capital Markets maintained the shares of IBM in report on Tuesday, August 22 with “Hold” rating. Citigroup maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 18 with “Neutral” rating. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. On Wednesday, August 16 the stock rating was maintained by Jefferies with “Sell”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, January 19 report. The firm has “Buy” rating by Drexel Hamilton given on Friday, July 14.

First Midwest Bank Trust Division, which manages about $725.39 million US Long portfolio, upped its stake in Dbv Technologies S A by 58,674 shares to 100,188 shares, valued at $2.31M in 2018Q1, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 9,468 shares in the quarter, for a total of 115,570 shares, and has risen its stake in 1Electronic Arts Inc (NASDAQ:EA).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: End Of The Pain For Shareholders” on August 13, 2018, also Seekingalpha.com with their article: “Big Blue – Are We Staying Blue?” published on July 22, 2018, Seekingalpha.com published: “IBM And Event Investing” on August 14, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM About To Pummel The Bears” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “IBM Continues A Slow Climb” with publication date: July 20, 2018.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Luxoft Partners with Pega to Create New Mobility Services Platform for Carmakers

The shift, driven by car-as-a-service companies like Uber and Lyft, changes the way consumers view mobility – valuing convenience over ownership.

STUTTGART, Germany–(BUSINESS WIRE)–Jun 11, 2018–Luxoft Holding, Inc. (NYSE: LXFT), a global IT service provider, and Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, have partnered to create a cloud-based, end-to-end mobility services platform for carmakers.

The mobility services platform for carmakers will shift the focus from using software to alter the in-car user experience to creating a holistic customer experience that covers every customer touchpoint, from sharing services to UX platforms. The shift, driven by car-as-a-service companies like Uber and Lyft, changes the way consumers view mobility – valuing convenience over ownership.

“Carmakers today have an opportunity to take control of the entire customer journey,” . “This platform acts as a blueprint that allows them to own the customer experience by making more out of their customer data. By taking control of their software, carmakers can shape how people interact with their brand from the point of purchase.”

“This platform will provide easy, relevant, consistent, timely, and contextual customer mobility services, seamlessly across all channels – both inside and outside the car. This unique UX platform is the basic foundation for seamless end-to-end customer engagement journeys in mobility,” explains Thomas Richter, Industry Principal at Pegasystems.

To enhance the user experience, Luxoft and Pega are building a futureproof mobility services platform capable of incorporating features such as rider management, service management, predictive diagnostics, mobile communication, and mobility services. The platform can be integrated into other cloud platforms, such as Alexa, AWS or Google Home, and has the ability to personalize the connected car by associating attributes – such as navigation options, preferred driver settings, and points of interest – to a user’s individual profile.

The solution is being built on Pega Platform™, the industry-leading application development platform, and will be integrated with Luxoft’s PELUX / Qt automotive digital cockpit software suite, a Linux-based open source platform. Luxoft will operate as a strategic deployment partner in the automotive sector and will lead the development of the software.

While still in development, this solution will enable OEMs to quickly integrate new features into vehicles without having to start from scratch, and is already being worked on in collaboration with major car manufacturers. Since this solution is an open platform, it can also incorporate future technology partners to add new functions.

As a Pega Partner, Luxoft has deep Pega expertise and dedicated practice focused on delivering customer engagement and operational excellence solutions for its customers in Europe, APAC, and the US leveraging its onshore and near shore centers. Luxoft will leverage these delivery capabilities to rapidly deploy solutions for automotive companies in these geographies.

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 12,900 employees across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit their website.

Forward-Looking Statements

This news release of Luxoft Holding, Inc. (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

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CONTACT: Media Inquiries

Luxoft Holding, Inc.

Robert Maccabe, +44 (0)20 3828 2346

Director, Public Relations

m:+44 7950 517 836

Press@luxoft.com

Twitter: @Luxoft

KEYWORD: EUROPE GERMANY

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TRANSPORT SEMICONDUCTOR TRUCKING PUBLIC TRANSPORT TRAVEL TRANSPORTATION MOBILE/WIRELESS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Luxoft Holding, Inc.

Copyright Business Wire 2018.

PUB: 06/11/2018 05:00 AM/DISC: 06/11/2018 05:01 AM

http://www.businesswire.com/news/home/20180611005089/en

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