Virtusa Corp. (NASDAQ:VRTU) has been given an average rating of “Hold” by the ten brokerages that are covering the firm. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $35.25.

A number of analysts have commented on VRTU shares. Cantor Fitzgerald set a $28.00 target price on Virtusa Corp. and gave the stock a “buy” rating in a report on Sunday, September 11th. TheStreet lowered Virtusa Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Maxim Group reduced their target price on Virtusa Corp. from $42.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Zacks Investment Research raised Virtusa Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, Wedbush began coverage on Virtusa Corp. in a report on Thursday, September 8th. They issued a “neutral” rating and a $29.00 price objective for the company.

In related news, CEO Kris A. Canekeratne sold 24,000 shares of Virtusa Corp. stock in a transaction on Friday, September 9th. The stock was sold at an average price of $26.01, for a total transaction of $624,240.00. Following the transaction, the chief executive officer now directly owns 826,133 shares in the company, valued at $21,487,719.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald T. Maheu sold 3,423 shares of Virtusa Corp. stock in a transaction on Monday, September 12th. The shares were sold at an average price of $26.25, for a total value of $89,853.75. Following the transaction, the director now owns 40,533 shares in the company, valued at $1,063,991.25. The disclosure for this sale can be found here. Corporate insiders own 9.92% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. increased its position in shares of Virtusa Corp. by 4.2% in the second quarter. PineBridge Investments L.P. now owns 3,454 shares of the company’s stock valued at $100,000 after buying an additional 139 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Virtusa Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,961 shares of the company’s stock valued at $114,000 after buying an additional 482 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Virtusa Corp. during the second quarter valued at approximately $154,000. Fifth Third Bancorp increased its position in shares of Virtusa Corp. by 57.1% in the second quarter. Fifth Third Bancorp now owns 5,499 shares of the company’s stock valued at $159,000 after buying an additional 1,998 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Virtusa Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,040 shares of the company’s stock valued at $149,000 after buying an additional 100 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Shares of Virtusa Corp. (NASDAQ:VRTU) opened at 21.72 on Tuesday. The company’s 50-day moving average price is $20.69 and its 200-day moving average price is $26.50. Virtusa Corp. has a one year low of $18.03 and a one year high of $49.98. The stock has a market cap of $650.77 million, a PE ratio of 31.62 and a beta of 1.38.

Virtusa Corp. (NASDAQ:VRTU) last posted its earnings results on Wednesday, November 9th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The business earned $164.80 million during the quarter, compared to the consensus estimate of $209.43 million. Virtusa Corp. had a return on equity of 5.34% and a net margin of 2.79%. The firm’s revenue for the quarter was up 46.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. Equities research analysts anticipate that Virtusa Corp. will post $1.33 earnings per share for the current year.

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Virtusa Corp. 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.

5 Day Chart for NASDAQ:VRTU

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