Raj Rajgopal Sells 41,108 Shares of Virtusa Co. (NASDAQ:VRTU) Stock

Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 41,108 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $49.36, for a total value of $2,029,090.88. Following the transaction, the insider now directly owns 86,661 shares in the company, valued at $4,277,586.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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  • On Monday, April 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $47.29, for a total value of $190,342.25.
  • On Thursday, March 1st, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $47.54, for a total value of $191,348.50.
  • On Monday, February 12th, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $47.53, for a total value of $191,308.25.
  • On Tuesday, January 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $44.35, for a total value of $178,508.75.

Shares of VRTU opened at $43.83 on Monday. The company has a market cap of $1,289.92, a price-to-earnings ratio of 65.42, a P/E/G ratio of 1.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. Virtusa Co. has a 52 week low of $25.72 and a 52 week high of $52.88.

Virtusa (NASDAQ:VRTU) last released its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $263.80 million during the quarter, compared to analyst estimates of $259.81 million. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. Virtusa’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. analysts expect that Virtusa Co. will post 1 EPS for the current year.

A number of research analysts recently weighed in on VRTU shares. ValuEngine raised Virtusa from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, January 25th. Wedbush lowered Virtusa from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $60.00 in a report on Tuesday, March 13th. Cowen reissued a “buy” rating and set a $55.00 price objective on shares of Virtusa in a report on Thursday, December 14th. Finally, Needham & Company LLC boosted their price objective on Virtusa to $65.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Virtusa has an average rating of “Buy” and an average price target of $57.88.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Virtusa by 1.8% in the fourth quarter. BlackRock Inc. now owns 3,408,244 shares of the information technology services provider’s stock valued at $150,234,000 after acquiring an additional 58,844 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Virtusa by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,972,230 shares of the information technology services provider’s stock valued at $74,511,000 after acquiring an additional 92,126 shares in the last quarter. State Street Corp grew its holdings in shares of Virtusa by 4.0% in the second quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock valued at $19,774,000 after acquiring an additional 25,883 shares in the last quarter. Granahan Investment Management Inc. MA grew its holdings in shares of Virtusa by 0.6% in the third quarter. Granahan Investment Management Inc. MA now owns 516,612 shares of the information technology services provider’s stock valued at $19,518,000 after acquiring an additional 3,137 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Virtusa by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 343,733 shares of the information technology services provider’s stock valued at $15,151,000 after acquiring an additional 19,899 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

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About Virtusa

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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