News coverage about Virtusa (NASDAQ:VRTU) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 45.8404695372443 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
A number of research analysts recently commented on VRTU shares. TheStreet raised Virtusa from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $52.00 price target on shares of Virtusa in a report on Friday, November 10th. Zacks Investment Research raised Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Saturday. Maxim Group raised Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $37.00 target price on shares of Virtusa in a report on Sunday, November 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $49.25.
Virtusa (VRTU) traded down $1.17 during trading hours on Friday, reaching $45.77. The company’s stock had a trading volume of 184,023 shares, compared to its average volume of 180,997. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.18. Virtusa has a 52 week low of $24.84 and a 52 week high of $48.71. The company has a market cap of $1,340.00, a P/E ratio of 64.46, a PEG ratio of 2.26 and a beta of 1.72.
Virtusa (NASDAQ:VRTU) last released its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $237.48 million. During the same quarter last year, the business posted $0.27 EPS. Virtusa’s quarterly revenue was up 18.1% compared to the same quarter last year. analysts anticipate that Virtusa will post 1.04 earnings per share for the current fiscal year.
In other news, insider Raj Rajgopal sold 4,025 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.51, for a total transaction of $183,177.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kris A. Canekeratne sold 12,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $46.12, for a total value of $553,440.00. Following the sale, the chief executive officer now owns 553,491 shares in the company, valued at $25,527,004.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,580 shares of company stock worth $3,523,204. 5.96% of the stock is currently owned by company insiders.
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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.
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