Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $46.12, for a total transaction of $553,440.00. Following the sale, the chief executive officer now directly owns 553,491 shares in the company, valued at $25,527,004.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Virtusa Co. (NASDAQ:VRTU) opened at $45.77 on Friday. The firm has a market cap of $1,340.00, a PE ratio of 64.46, a PEG ratio of 2.26 and a beta of 1.72. Virtusa Co. has a 1 year low of $24.84 and a 1 year high of $48.71. 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 (NASDAQ:VRTU) last issued its quarterly earnings data on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The company had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. sell-side analysts predict that Virtusa Co. will post 1.04 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of VRTU. 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. Rhumbline Advisers grew its stake in shares of Virtusa by 2.9% in the second quarter. Rhumbline Advisers now owns 54,201 shares of the information technology services provider’s stock valued at $1,594,000 after acquiring an additional 1,523 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Virtusa in the second quarter valued at about $120,000. Bank of New York Mellon Corp grew its stake in shares of Virtusa by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 332,829 shares of the information technology services provider’s stock valued at $9,784,000 after acquiring an additional 8,195 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Virtusa by 7.2% in the second quarter. Legal & General Group Plc now owns 53,810 shares of the information technology services provider’s stock valued at $1,583,000 after acquiring an additional 3,622 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.
VRTU has been the topic of several analyst reports. Cowen reaffirmed a “buy” rating and set a $37.00 price target on shares of Virtusa in a research report on Thursday, October 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $37.00 price objective on shares of Virtusa in a research report on Sunday, November 5th. Maxim Group raised shares of Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, November 8th. Barrington Research increased their price objective on shares of Virtusa to $52.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, TheStreet raised shares of Virtusa from a “c” rating to a “b-” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Virtusa currently has a consensus rating of “Buy” and a consensus price target of $49.25.
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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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