Virtusa (NASDAQ:VRTU) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other analysts have also recently weighed in on VRTU. ValuEngine cut shares of Virtusa from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Barrington Research reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Virtusa in a report on Thursday, August 2nd. Needham & Company LLC increased their price objective on shares of Virtusa from $65.00 to $68.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 9th. Wedbush increased their price objective on shares of Virtusa from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. Finally, Cantor Fitzgerald increased their price objective on shares of Virtusa from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.00.

VRTU stock opened at $42.37 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.50 and a current ratio of 2.44. Virtusa has a fifty-two week low of $39.77 and a fifty-two week high of $58.60. The stock has a market capitalization of $1.37 billion, a P/E ratio of 47.61, a PEG ratio of 1.45 and a beta of 1.23.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings data on Thursday, November 8th. The information technology services provider reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. Virtusa had a negative net margin of 1.04% and a positive return on equity of 9.03%. The business had revenue of $305.50 million for the quarter, compared to analysts’ expectations of $306.37 million. During the same quarter last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts forecast that Virtusa will post 1.59 earnings per share for the current fiscal year.

In other Virtusa news, President Samir Dhir sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $49.55, for a total transaction of $198,200.00. Following the transaction, the president now owns 118,822 shares of the company’s stock, valued at approximately $5,887,630.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.11% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in VRTU. MML Investors Services LLC acquired a new position in Virtusa during the 3rd quarter valued at about $217,000. LPL Financial LLC acquired a new position in Virtusa during the 1st quarter valued at about $219,000. Amalgamated Bank acquired a new position in Virtusa during the 2nd quarter valued at about $223,000. Cambridge Investment Research Advisors Inc. acquired a new position in Virtusa during the 2nd quarter valued at about $229,000. Finally, PEAK6 Investments L.P. acquired a new position in Virtusa during the 2nd quarter valued at about $240,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

About Virtusa

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

See Also: Earnings Per Share (EPS)

Analyst Recommendations for Virtusa (NASDAQ:VRTU)

Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.