Analyst Research Roundup: Independent Bank Corp. (INDB), Luxoft Holding, Inc. (LXFT)

Lloyd Doyle
November 18, 2017

The Rivulet Capital Llc holds 2.20 million shares with $83.64 million value, up from 1.55M last quarter. The stock rose 0.18% or $0.06 reaching $33.63 per share.

On November 3, 2017 KeyCorp maintained a "Hold" rating on the company. The company's net profit margin has achieved the current level of 30.7 percent and possesses 0 percent gross margin.

News headlines about Luxoft Holding (NYSE:LXFT) have trended somewhat positive this week, according to Accern. If you are accessing this article on another domain, it was stolen and reposted in violation of worldwide copyright & trademark law.

A number of research firms have recently weighed in on LXFT. Credit Suisse initiated the shares of SAM in report on Friday, September 16 with "Underperform" rating. Finally, BidaskClub upgraded Luxoft Holding from a "sell" rating to a "hold" rating in a report on Wednesday, October 18th.

Currently, the analyst consensus on Luxoft Holding is Hold and the average price target is $51, representing an 8.6% upside.

Among 10 analysts covering Luxoft Holding (NYSE:LXFT), 5 have Buy rating, 1 Sell and 4 Hold. They issued a "buy" rating and a $65.00 price objective for the company.

Image source: Luxoft Holding Inc. 573,000 shares of the company's stock were exchanged, compared to its average volume of 206,013. See which 3 stocks are most likely to make moves following their insider activities. Luxoft Holding Inc's P/E ratio is 28.46 and the market cap is 1.54B.

Nwq Investment Management Company Llc increased Luxoft Hldg Inc (NYSE:LXFT) stake by 90.46% reported in 2017Q3 SEC filing. Kerrisdale Advisers Llc acquired 22,392 shares as Luxoft Hldg Inc (LXFT)'s stock rose 16.10%. Standard Life Investments LTD lifted its position in shares of Luxoft Holding by 153.9% during the second quarter. The institutional investor owned 20,008 shares of the software maker's stock after acquiring an additional 523 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Luxoft Holding by 100.8% during the third quarter. Numeric Investors LLC augmented its ownership by buying 119,687 shares an increase of 122.3% in the quarter. Alpine Partners VI LLC bought a new stake in shares of Luxoft Holding during the second quarter worth $721,000. Millennium Management LLC now owns 82,016 shares with a value of $3,920,000.

Shares of Luxoft Holding, Inc. The past can be an insightful indicator for future performance for a stock.

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.

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