News articles about Virtusa (NASDAQ:VRTU) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Virtusa earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 44.9367400572988 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
Several analysts have issued reports on the stock. ValuEngine raised shares of Virtusa from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, January 25th. Wedbush downgraded shares of Virtusa from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $55.00 to $60.00 in a research note on Tuesday, March 13th. Cowen reissued a “buy” rating and issued a $55.00 price objective on shares of Virtusa in a research note on Thursday, December 14th. Finally, Needham & Company LLC raised their price objective on shares of Virtusa to $65.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Virtusa presently has a consensus rating of “Buy” and a consensus price target of $57.88.
Shares of Virtusa stock opened at $49.90 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. The stock has a market cap of $1,471.48, a PE ratio of 277.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.35. Virtusa has a 12 month low of $25.72 and a 12 month high of $52.88.
Virtusa (NASDAQ:VRTU) last announced its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business had revenue of $263.80 million during the quarter, compared to the consensus estimate of $259.81 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. equities analysts forecast that Virtusa will post 1 EPS for the current year.
In other news, CEO Kris A. Canekeratne sold 3,000 shares of Virtusa stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $47.60, for a total transaction of $142,800.00. Following the completion of the sale, the chief executive officer now owns 497,827 shares of the company’s stock, valued at $23,696,565.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas R. Holler sold 17,479 shares of Virtusa stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $50.53, for a total transaction of $883,213.87. Following the sale, the executive vice president now directly owns 38,189 shares of the company’s stock, valued at approximately $1,929,690.17. The disclosure for this sale can be found here. Insiders have sold 168,027 shares of company stock valued at $8,204,664 in the last ninety days. Insiders own 5.96% of the company’s stock.
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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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