Sei Investments Co. grew its position in Virtusa Co. (NASDAQ:VRTU) by 69.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,568 shares of the information technology services provider’s stock after buying an additional 10,075 shares during the period. Sei Investments Co. owned approximately 0.08% of Virtusa worth $928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Aperio Group LLC raised its holdings in Virtusa by 0.6% in the second quarter. Aperio Group LLC now owns 9,836 shares of the information technology services provider’s stock worth $289,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System raised its holdings in Virtusa by 0.7% in the second quarter. Arizona State Retirement System now owns 14,455 shares of the information technology services provider’s stock worth $425,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Virtusa by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the information technology services provider’s stock worth $332,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Virtusa by 4.2% in 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 buying an additional 260 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in Virtusa by 1.4% in the second quarter. Texas Permanent School Fund now owns 20,231 shares of the information technology services provider’s stock worth $595,000 after buying an additional 276 shares during the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.

Shares of Virtusa Co. (VRTU) opened at $44.81 on Friday. Virtusa Co. has a 12 month low of $23.75 and a 12 month high of $48.71. The company has a market cap of $1,320.86, a P/E ratio of 51.11, a PEG ratio of 2.16 and a beta of 1.71. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.18.

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, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $248.20 million during the quarter, compared to analyst estimates of $237.48 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. research analysts anticipate that Virtusa Co. will post 1.04 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $37.00 target price on shares of Virtusa in a report on Friday, August 11th. Zacks Investment Research lowered shares of Virtusa from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Virtusa in a research note on Saturday, August 19th. TheStreet upgraded shares of Virtusa from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $52.00 price target on shares of Virtusa in a research note on Friday, November 10th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Virtusa presently has an average rating of “Buy” and a consensus target price of $45.00.

In related news, CEO Kris A. Canekeratne sold 789 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $36.09, for a total transaction of $28,475.01. Following the completion of the sale, the chief executive officer now directly owns 594,702 shares in the company, valued at $21,462,795.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kris A. Canekeratne sold 11,211 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.46, for a total transaction of $408,753.06. Following the sale, the chief executive officer now owns 589,491 shares of the company’s stock, valued at $21,492,841.86. The disclosure for this sale can be found here. Insiders have sold 88,075 shares of company stock valued at $3,697,802 over the last 90 days. 5.96% of the stock is currently owned by company insiders.

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Virtusa 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 (NASDAQ:VRTU)

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