BNP Paribas Arbitrage SA grew its position in Virtusa Corporation (NASDAQ:VRTU) by 42.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,805 shares of the information technology services provider’s stock after buying an additional 2,639 shares during the period. BNP Paribas Arbitrage SA’s holdings in Virtusa Corporation were worth $259,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC grew its stake in shares of Virtusa Corporation by 0.6% in the 2nd quarter. Aperio Group LLC now owns 9,836 shares of the information technology services provider’s stock valued at $289,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Virtusa Corporation by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the information technology services provider’s stock valued at $338,000 after buying an additional 100 shares during the period. Arizona State Retirement System grew its stake in shares of Virtusa Corporation by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,455 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 100 shares during the period. Miles Capital Inc. grew its stake in shares of Virtusa Corporation by 1.7% in the 1st quarter. Miles Capital Inc. now owns 9,019 shares of the information technology services provider’s stock valued at $273,000 after buying an additional 154 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in shares of Virtusa Corporation by 0.9% in the 1st quarter. OppenheimerFunds Inc. now owns 18,987 shares of the information technology services provider’s stock valued at $574,000 after buying an additional 176 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

In other Virtusa Corporation 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Trust Martin sold 12,255 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $35.31, for a total transaction of $432,724.05. Following the sale, the director now owns 9,397 shares of the company’s stock, valued at $331,808.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,616 shares of company stock valued at $2,982,360. 5.96% of the stock is owned by insiders.

Several analysts have recently weighed in on VRTU shares. Barrington Research set a $35.00 price target on shares of Virtusa Corporation and gave the company a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research raised shares of Virtusa Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine raised shares of Virtusa Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub cut shares of Virtusa Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $36.00 price objective on shares of Virtusa Corporation in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Virtusa Corporation (VRTU) opened at 36.30 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 52.53 and a beta of 1.67. Virtusa Corporation has a 52-week low of $18.03 and a 52-week high of $37.66. The company’s 50 day moving average is $35.27 and its 200-day moving average is $31.48.

Virtusa Corporation (NASDAQ:VRTU) last released its earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Virtusa Corporation had a net margin of 2.47% and a return on equity of 4.26%. The firm had revenue of $227.30 million during the quarter, compared to the consensus estimate of $224.46 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Virtusa Corporation’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Virtusa Corporation will post $1.53 earnings per share for the current year.

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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.

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

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