Press coverage about Virtusa (NASDAQ:VRTU) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 45.4959237427676 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Virtusa Co. (VRTU) Expected to Announce Quarterly Sales of $297.92 Million (americanbankingnews.com)
- Zacks: Brokerages Expect Virtusa Co. (VRTU) to Announce $0.45 Earnings Per Share (americanbankingnews.com)
- Glu Mobile (GLUU) vs. Virtusa (VRTU) Head to Head Contrast (americanbankingnews.com)
- Virtusa Nominates Deborah C. Hopkins to Serve on Virtusa’s Board of Directors (finance.yahoo.com)
Several brokerages recently issued reports on VRTU. BidaskClub downgraded Virtusa from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research set a $55.00 price objective on Virtusa and gave the stock a “buy” rating in a research note on Wednesday, May 16th. Maxim Group reissued a “hold” rating on shares of Virtusa in a research note on Monday, April 23rd. ValuEngine raised Virtusa from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $60.00 price objective on shares of Virtusa in a research note on Tuesday, May 29th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.88.
Shares of VRTU traded down $1.10 during midday trading on Monday, reaching $47.33. 3,279 shares of the stock were exchanged, compared to its average volume of 191,966. Virtusa has a 12-month low of $28.45 and a 12-month high of $54.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.54 and a quick ratio of 2.53. The company has a market capitalization of $1.44 billion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28.
Virtusa (NASDAQ:VRTU) last posted its quarterly earnings results on Tuesday, May 15th. The information technology services provider reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Virtusa had a return on equity of 5.94% and a net margin of 0.12%. The company had revenue of $281.30 million during the quarter, compared to the consensus estimate of $282.44 million. During the same period last year, the business earned $0.43 EPS. The business’s quarterly revenue was up 24.5% on a year-over-year basis. equities research analysts expect that Virtusa will post 1.5 earnings per share for the current fiscal year.
In other news, Director William K. O’brien sold 14,074 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $52.05, for a total transaction of $732,551.70. Following the completion of the sale, the director now directly owns 26,920 shares of the company’s stock, valued at approximately $1,401,186. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Keith Modder sold 14,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $47.44, for a total value of $664,160.00. Following the sale, the chief operating officer now directly owns 176,239 shares of the company’s stock, valued at $8,360,778.16. The disclosure for this sale can be found here. Insiders have sold a total of 75,579 shares of company stock valued at $3,730,739 over the last ninety days. Company insiders own 5.96% of the company’s stock.
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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