Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 3,000 shares of Virtusa stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $47.60, for a total value of $142,800.00. Following the completion of the transaction, the chief executive officer now owns 497,827 shares of the company’s stock, valued at $23,696,565.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Virtusa Co. (NASDAQ:VRTU) traded up $1.02 during midday trading on Friday, reaching $48.55. The company’s stock had a trading volume of 151,032 shares, compared to its average volume of 219,013. The stock has a market cap of $1,404.38, a P/E ratio of 264.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. Virtusa Co. has a 12 month low of $25.72 and a 12 month high of $50.83.
Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $263.80 million during the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. Virtusa’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. equities analysts anticipate that Virtusa Co. will post 0.99 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in VRTU. Vanguard Group Inc. lifted its holdings in Virtusa by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock worth $60,964,000 after buying an additional 119,133 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Virtusa by 39.5% during the second quarter. Parametric Portfolio Associates LLC now owns 76,029 shares of the information technology services provider’s stock worth $2,235,000 after purchasing an additional 21,544 shares in the last quarter. State Street Corp increased its position in shares of Virtusa by 4.0% during the second quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock worth $19,774,000 after purchasing an additional 25,883 shares in the last quarter. Strs Ohio acquired a new stake in shares of Virtusa during the third quarter worth about $555,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Virtusa during the third quarter worth about $9,115,000. 84.55% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Virtusa from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered Virtusa from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Barrington Research lifted their target price on Virtusa from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Maxim Group set a $59.00 target price on Virtusa and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, BidaskClub raised Virtusa from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.63.
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.