Insider Selling: Virtusa Co. (VRTU) CEO Sells $454,800.00 in Stock
Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.48, for a total value of $454,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Virtusa Co. (NASDAQ VRTU) opened at $44.98 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market capitalization of $1,328.49, a price-to-earnings ratio of 51.41, a P/E/G ratio of 2.17 and a beta of 1.71. Virtusa Co. has a one year low of $22.49 and a one year high of $48.71.
Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The business had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. Virtusa had a return on equity of 4.86% and a net margin of 2.54%. Virtusa’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. equities analysts forecast that Virtusa Co. will post 1.04 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of VRTU. US Bancorp DE boosted its stake in Virtusa by 10.3% in the second quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 327 shares in the last quarter. SG Americas Securities LLC acquired a new position in Virtusa in the second quarter worth $120,000. Victory Capital Management Inc. acquired a new position in Virtusa in the third quarter worth $130,000. State of Alaska Department of Revenue raised its position in shares of Virtusa by 79.9% during the second quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock worth $160,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Virtusa by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock worth $191,000 after acquiring an additional 260 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors.
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.
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