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

Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $45.51, for a total value of $183,177.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Friday, November 10th, Raj Rajgopal sold 14,025 shares of Virtusa stock. The shares were sold at an average price of $45.02, for a total value of $631,405.50.
  • On Monday, October 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The shares were sold at an average price of $38.01, for a total value of $152,990.25.

Virtusa Co. (NASDAQ VRTU) traded down $0.50 during trading on Monday, reaching $45.08. The company’s stock had a trading volume of 167,728 shares, compared to its average volume of 296,116. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.03. Virtusa Co. has a 52 week low of $21.98 and a 52 week high of $48.71. The stock has a market capitalization of $1,338.47, a PE ratio of 51.79, a PEG ratio of 2.19 and a beta of 1.71.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Virtusa had a return on equity of 4.86% and a net margin of 2.54%. The company had revenue of $248.20 million during the quarter, compared to analysts’ expectations of $237.48 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. equities research analysts predict that Virtusa Co. will post 1.04 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Virtusa by 6.1% in the second quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock valued at $60,964,000 after buying an additional 119,133 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Virtusa by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,972,230 shares of the information technology services provider’s stock valued at $74,511,000 after buying an additional 92,126 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Virtusa by 23.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,062,888 shares of the information technology services provider’s stock valued at $31,249,000 after buying an additional 203,703 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Virtusa by 4.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 928,500 shares of the information technology services provider’s stock valued at $35,078,000 after buying an additional 40,850 shares during the last quarter. Finally, State Street Corp raised its stake in Virtusa by 4.0% in the second quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock valued at $19,774,000 after buying an additional 25,883 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

A number of brokerages recently weighed in on VRTU. Zacks Investment Research downgraded Virtusa from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Barrington Research raised their price objective on Virtusa to $52.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective (up previously from $38.00) on shares of Virtusa in a research report on Saturday, August 19th. SunTrust Banks reaffirmed a “buy” rating and set a $52.00 price objective on shares of Virtusa in a research report on Friday, November 10th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $37.00 price objective on shares of Virtusa in a research report on Sunday, November 5th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.00.

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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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