Virtusa Co. (VRTU) Insider Raj Rajgopal Sells 4,025 Shares

Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $47.53, for a total value of $191,308.25. Following the completion of the transaction, the insider now owns 98,576 shares of the company’s stock, valued at $4,685,317.28. The transaction was disclosed in a filing with the SEC, which is available at this link.

Raj Rajgopal also recently made the following trade(s):

  • On Tuesday, January 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $44.35, for a total value of $178,508.75.
  • On Friday, December 1st, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $45.51, for a total value of $183,177.75.

Virtusa Co. (NASDAQ VRTU) traded up $0.57 during midday trading on Wednesday, reaching $48.32. The company’s stock had a trading volume of 215,200 shares, compared to its average volume of 207,822. Virtusa Co. has a 1-year low of $25.72 and a 1-year high of $49.22. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1,405.27, a PE ratio of 268.44, a P/E/G ratio of 2.30 and a beta of 1.48.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. The business had revenue of $263.80 million during the quarter, compared to analysts’ expectations of $259.81 million. During the same quarter last year, the business posted $0.37 EPS. The business’s revenue was up 21.5% on a year-over-year basis. equities analysts forecast that Virtusa Co. will post 1.04 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Barrington Research upped their price objective on Virtusa from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Maxim Group set a $59.00 price objective on Virtusa and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded Virtusa from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, January 25th. BidaskClub upgraded Virtusa from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Finally, Cowen restated a “buy” rating and set a $55.00 target price on shares of Virtusa in a report on Thursday, December 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.63.

Several large investors have recently made changes to their positions in VRTU. Dimensional Fund Advisors LP raised its position in shares of Virtusa by 24.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,880,104 shares of the information technology services provider’s stock worth $55,276,000 after acquiring an additional 374,317 shares in the last quarter. Peregrine Capital Management LLC bought a new position in Virtusa during the 3rd quarter valued at approximately $9,115,000. Northern Trust Corp increased its position in Virtusa by 48.6% during the 2nd quarter. Northern Trust Corp now owns 588,770 shares of the information technology services provider’s stock valued at $17,309,000 after buying an additional 192,475 shares in the last quarter. Mesirow Financial Investment Management Equity Management increased its position in Virtusa by 80.0% during the 3rd quarter. Mesirow Financial Investment Management Equity Management now owns 422,359 shares of the information technology services provider’s stock valued at $15,957,000 after buying an additional 187,675 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Virtusa during the 4th quarter valued at approximately $5,547,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

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About Virtusa

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 (NASDAQ:VRTU)

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