Virtusa Corporation (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of Virtusa Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $36.07, for a total transaction of $360,700.00. Following the completion of the sale, the chief executive officer now owns 595,491 shares in the company, valued at $21,479,360.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Virtusa Corporation (NASDAQ:VRTU) opened at 35.50 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 51.37 and a beta of 1.67. The stock has a 50 day moving average of $34.85 and a 200-day moving average of $31.20. Virtusa Corporation has a 12-month low of $18.03 and a 12-month high of $37.66.

Virtusa Corporation (NASDAQ:VRTU) last posted its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The firm had revenue of $227.30 million for the quarter, compared to the consensus estimate of $224.46 million. Virtusa Corporation had a net margin of 2.47% and a return on equity of 4.26%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. Equities research analysts forecast that Virtusa Corporation will post $1.55 EPS for the current year.

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A number of analysts have issued reports on VRTU shares. Zacks Investment Research upgraded shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating and issued a $36.00 price target on shares of Virtusa Corporation in a report on Friday, July 28th. BidaskClub downgraded shares of Virtusa Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Barrington Research lifted their price target on shares of Virtusa Corporation from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Virtusa Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.00.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Virtusa Corporation by 120,287.9% in the first quarter. BlackRock Inc. now owns 3,341,967 shares of the information technology services provider’s stock worth $100,993,000 after buying an additional 3,339,191 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Virtusa Corporation by 6.1% in the second quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock worth $60,964,000 after buying an additional 119,133 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Virtusa Corporation by 24.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,880,104 shares of the information technology services provider’s stock worth $55,276,000 after buying an additional 374,317 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Virtusa Corporation by 23.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,062,888 shares of the information technology services provider’s stock worth $31,249,000 after buying an additional 203,703 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Virtusa Corporation by 4.0% in the second quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock worth $19,774,000 after buying an additional 25,883 shares in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Virtusa Corporation 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.

Insider Buying and Selling by Quarter for Virtusa Corporation (NASDAQ:VRTU)

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