Messner & Smith Theme Value Investment Management Ltd. CA Has $2.01 Million Position in Luxoft Holding Inc (LXFT)
Messner & Smith Theme Value Investment Management Ltd. CA lowered its position in Luxoft Holding Inc (NYSE:LXFT) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,005 shares of the software maker’s stock after selling 3,579 shares during the period. Luxoft comprises about 3.2% of Messner & Smith Theme Value Investment Management Ltd. CA’s investment portfolio, making the stock its 6th biggest holding. Messner & Smith Theme Value Investment Management Ltd. CA’s holdings in Luxoft were worth $2,005,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Luxoft by 182.0% during the second quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock valued at $209,000 after purchasing an additional 2,215 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Luxoft during the second quarter valued at $344,000. Trexquant Investment LP lifted its position in Luxoft by 64.4% during the third quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock valued at $271,000 after purchasing an additional 2,218 shares in the last quarter. Vanguard Group Inc. lifted its position in Luxoft by 104.6% during the second quarter. Vanguard Group Inc. now owns 7,824 shares of the software maker’s stock valued at $476,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Janney Capital Management LLC lifted its position in Luxoft by 75.4% during the third quarter. Janney Capital Management LLC now owns 8,898 shares of the software maker’s stock valued at $425,000 after purchasing an additional 3,825 shares in the last quarter. 52.23% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the company. KeyCorp reiterated a “hold” rating on shares of Luxoft in a research report on Friday, November 3rd. BidaskClub upgraded Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Cantor Fitzgerald upgraded Luxoft from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Luxoft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, UBS Group lifted their target price on Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Luxoft presently has an average rating of “Hold” and an average price target of $63.00.
Luxoft (NYSE:LXFT) last announced its quarterly earnings data on Thursday, November 16th. The software maker reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. The business had revenue of $228.03 million for the quarter, compared to the consensus estimate of $227.09 million. analysts forecast that Luxoft Holding Inc will post 2.18 EPS for the current fiscal year.
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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