S Squared Technology LLC maintained its stake in shares of Virtusa Corporation (NASDAQ:VRTU) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,400 shares of the information technology services provider’s stock at the end of the 2nd quarter. Virtusa Corporation makes up 2.6% of S Squared Technology LLC’s holdings, making the stock its 14th largest position. S Squared Technology LLC owned 0.35% of Virtusa Corporation worth $3,099,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VRTU. Louisiana State Employees Retirement System grew its position in shares of Virtusa Corporation by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the information technology services provider’s stock worth $338,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN grew its position in shares of Virtusa Corporation by 19.4% during the 1st quarter. Wells Fargo & Company MN now owns 22,615 shares of the information technology services provider’s stock worth $684,000 after buying an additional 3,668 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Virtusa Corporation by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,069 shares of the information technology services provider’s stock worth $1,149,000 after buying an additional 1,087 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Virtusa Corporation by 69.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 35,119 shares of the information technology services provider’s stock worth $1,061,000 after buying an additional 14,333 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Virtusa Corporation by 30.4% during the 1st quarter. First Trust Advisors LP now owns 61,035 shares of the information technology services provider’s stock worth $1,844,000 after buying an additional 14,228 shares during the period. 92.17% of the stock is owned by institutional investors.

VRTU has been the subject of several recent analyst reports. Maxim Group reaffirmed a “hold” rating on shares of Virtusa Corporation in a research report on Tuesday, May 16th. SunTrust Banks, Inc. set a $32.00 price target on shares of Virtusa Corporation and gave the company a “buy” rating in a research report on Friday, May 19th. Barrington Research set a $35.00 price target on shares of Virtusa Corporation and gave the company a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Virtusa Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised shares of Virtusa Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.00.

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Virtusa Corporation (NASDAQ VRTU) traded up 0.82% during mid-day trading on Monday, reaching $35.79. 12,921 shares of the company traded hands. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 51.79 and a beta of 1.67. Virtusa Corporation has a 12-month low of $18.03 and a 12-month high of $37.66. The company’s 50-day moving average is $34.90 and its 200-day moving average is $31.23.

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

In other news, Director Trust Martin sold 12,255 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $35.31, for a total value of $432,724.05. Following the sale, the director now directly owns 9,397 shares of the company’s stock, valued at $331,808.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raj Rajgopal sold 4,025 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $36.05, for a total value of $145,101.25. Following the completion of the sale, the insider now directly owns 107,216 shares in the company, valued at $3,865,136.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,827 shares of company stock worth $2,953,885. Insiders own 5.96% of the company’s stock.

Virtusa Corporation 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.

Institutional Ownership by Quarter for Virtusa Corporation (NASDAQ:VRTU)

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