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

Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75. Following the completion of the sale, the insider now owns 98,576 shares of the company’s stock, valued at approximately $4,371,845.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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 transaction of $183,177.75.
  • On Friday, November 10th, Raj Rajgopal sold 14,025 shares of Virtusa stock. The stock was sold at an average price of $45.02, for a total transaction of $631,405.50.

Virtusa Co. (VRTU) traded down $1.17 during midday trading on Friday, reaching $45.77. 184,023 shares of the company’s stock traded hands, compared to its average volume of 180,997. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. Virtusa Co. has a 1 year low of $24.84 and a 1 year high of $48.71. The company has a market capitalization of $1,340.00, a price-to-earnings ratio of 64.46, a P/E/G ratio of 2.26 and a beta of 1.72.

Virtusa (NASDAQ:VRTU) last posted its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.11. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The firm had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts expect that Virtusa Co. will post 1.04 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in shares of Virtusa by 0.7% in the second quarter. Arizona State Retirement System now owns 14,455 shares of the information technology services provider’s stock valued at $425,000 after purchasing an additional 100 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Virtusa by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 146,502 shares of the information technology services provider’s stock valued at $4,307,000 after acquiring an additional 705 shares in the last quarter. American International Group Inc. grew its stake in shares of Virtusa by 5.5% in the third quarter. American International Group Inc. now owns 21,860 shares of the information technology services provider’s stock valued at $826,000 after acquiring an additional 1,131 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Virtusa by 0.6% in the second quarter. Principal Financial Group Inc. now owns 210,762 shares of the information technology services provider’s stock valued at $6,196,000 after acquiring an additional 1,275 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Virtusa by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 118,351 shares of the information technology services provider’s stock valued at $3,480,000 after acquiring an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Several brokerages have recently commented on VRTU. BidaskClub cut shares of Virtusa from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Virtusa from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Barrington Research boosted their price objective on shares of Virtusa to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 price target on shares of Virtusa in a research note on Friday, November 10th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $37.00 price target on shares of Virtusa in a research note on Sunday, November 5th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.25.

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Virtusa Company Profile

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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