Virtusa Corporation (NASDAQ:VRTU) Director Sells $109,494.00 in Stock

Virtusa Corporation (NASDAQ:VRTU) Director Trust Martin sold 3,080 shares of Virtusa Corporation stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total value of $109,494.00. Following the completion of the transaction, the director now directly owns 22,716 shares of the company’s stock, valued at $807,553.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Trust Martin also recently made the following trade(s):

  • On Thursday, September 7th, Trust Martin sold 12,255 shares of Virtusa Corporation stock. The shares were sold at an average price of $35.31, for a total value of $432,724.05.

Virtusa Corporation (NASDAQ:VRTU) opened at 35.06 on Friday. The firm’s 50-day moving average price is $35.14 and its 200 day moving average price is $31.43. Virtusa Corporation has a 52-week low of $18.03 and a 52-week high of $37.66. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 50.74 and a beta of 1.67.

Virtusa Corporation (NASDAQ:VRTU) last posted its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The firm had revenue of $227.30 million for the quarter, compared to the consensus estimate of $224.46 million. During the same quarter in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Virtusa Corporation will post $1.55 EPS for the current year.

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Several brokerages have recently issued reports on VRTU. Zacks Investment Research cut Virtusa Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Barrington Research set a $35.00 target price on Virtusa Corporation and gave the stock a “buy” rating in a research note on Thursday, May 25th. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Virtusa Corporation in a research note on Thursday, August 10th. BidaskClub upgraded Virtusa Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Maxim Group restated a “hold” rating on shares of Virtusa Corporation in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.00.

A number of large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Virtusa Corporation by 4.0% during the 2nd quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock worth $19,774,000 after buying an additional 25,883 shares in the last quarter. Royal Bank of Canada raised its position in shares of Virtusa Corporation by 8.3% during the 2nd quarter. Royal Bank of Canada now owns 599,501 shares of the information technology services provider’s stock valued at $17,626,000 after acquiring an additional 46,016 shares during the last quarter. AHL Partners LLP bought a new stake in shares of Virtusa Corporation during the 2nd quarter valued at $668,000. Voya Investment Management LLC raised its position in shares of Virtusa Corporation by 7.1% during the 2nd quarter. Voya Investment Management LLC now owns 463,173 shares of the information technology services provider’s stock valued at $13,618,000 after acquiring an additional 30,781 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Virtusa Corporation by 24.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,880,104 shares of the information technology services provider’s stock valued at $55,276,000 after acquiring an additional 374,317 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

About Virtusa Corporation

Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.

Insider Buying and Selling by Quarter for Virtusa Corporation (NASDAQ:VRTU)

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