Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.53, for a total transaction of $191,308.25. Following the sale, the insider now owns 98,576 shares in the company, valued at $4,685,317.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Raj Rajgopal also recently made the following trade(s):
- On Tuesday, January 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75.
- On Friday, December 1st, Raj Rajgopal sold 4,025 shares of Virtusa stock. The shares were sold at an average price of $45.51, for a total transaction of $183,177.75.
Shares of Virtusa Co. (VRTU) traded up $1.22 during midday trading on Thursday, reaching $49.54. 407,900 shares of the company’s stock were exchanged, compared to its average volume of 214,877. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.24 and a current ratio of 4.24. The company has a market cap of $1,422.04, a P/E ratio of 275.22, a P/E/G ratio of 3.14 and a beta of 1.48. Virtusa Co. has a one year low of $25.72 and a one year high of $50.00.
Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $263.80 million for the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. Virtusa’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. equities analysts anticipate that Virtusa Co. will post 0.77 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of VRTU. Pier Capital LLC bought a new stake in shares of Virtusa in the 4th quarter valued at about $5,507,000. MetLife Investment Advisors LLC bought a new stake in shares of Virtusa in the 4th quarter valued at about $519,000. Gotham Asset Management LLC bought a new stake in shares of Virtusa in the 4th quarter valued at about $337,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Virtusa by 25.8% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 13,080 shares of the information technology services provider’s stock valued at $576,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Virtusa in the 4th quarter valued at about $6,608,000. 86.50% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on VRTU shares. TheStreet upgraded shares of Virtusa from a “c” rating to a “b-” rating in a research report on Wednesday, November 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $37.00 price target on shares of Virtusa in a report on Sunday, November 5th. SunTrust Banks reiterated a “buy” rating and issued a $52.00 price target on shares of Virtusa in a report on Friday, November 10th. BidaskClub downgraded shares of Virtusa from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. Finally, Cowen reiterated a “buy” rating and issued a $55.00 price target on shares of Virtusa in a report on Thursday, December 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Virtusa currently has a consensus rating of “Buy” and an average target price of $50.63.
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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.
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