Virtusa Co. (NASDAQ:VRTU) CFO Ranjan Kalia sold 3,488 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $47.76, for a total transaction of $166,586.88. Following the completion of the sale, the chief financial officer now owns 120,404 shares of the company’s stock, valued at approximately $5,750,495.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ranjan Kalia also recently made the following trade(s):
- On Friday, March 16th, Ranjan Kalia sold 13,865 shares of Virtusa stock. The stock was sold at an average price of $50.38, for a total transaction of $698,518.70.
NASDAQ VRTU opened at $48.60 on Thursday. The company has a current ratio of 2.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 54.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.29. Virtusa Co. has a one year low of $27.84 and a one year high of $52.88.
Virtusa (NASDAQ:VRTU) last posted its earnings results on Tuesday, May 15th. The information technology services provider reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $281.30 million for the quarter, compared to the consensus estimate of $282.44 million. Virtusa had a net margin of 0.12% and a return on equity of 5.94%. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. equities research analysts expect that Virtusa Co. will post 1.5 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VRTU. SG Americas Securities LLC purchased a new position in Virtusa during the 1st quarter valued at about $107,000. Fortis Advisors LLC purchased a new position in Virtusa during the 1st quarter valued at about $116,000. We Are One Seven LLC purchased a new position in Virtusa during the 4th quarter valued at about $143,000. LS Investment Advisors LLC increased its position in Virtusa by 359.5% during the 4th quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock valued at $194,000 after purchasing an additional 3,451 shares during the period. Finally, Stevens Capital Management LP purchased a new position in Virtusa during the 1st quarter valued at about $209,000. 86.26% of the stock is currently owned by institutional investors and hedge funds.
VRTU has been the subject of several analyst reports. Zacks Investment Research lowered shares of Virtusa from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. BidaskClub lowered shares of Virtusa from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wedbush lowered shares of Virtusa from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $60.00 in a report on Tuesday, March 13th. Finally, Needham & Company LLC raised their target price on shares of Virtusa to $65.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.88.
Virtusa Company Profile
Virtusa Corporation operates as an information technology (IT) services company. It offers business and IT consulting services comprising advisory/target operating model, business process re-engineering/BPM, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design ASD, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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