Insider Selling: Virtusa Co. (VRTU) CEO Sells 3,000 Shares of Stock
Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $47.60, for a total value of $142,800.00. Following the sale, the chief executive officer now directly owns 497,827 shares in the company, valued at approximately $23,696,565.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Virtusa Co. (NASDAQ VRTU) opened at $48.76 on Monday. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. Virtusa Co. has a twelve month low of $25.72 and a twelve month high of $50.83. The firm has a market capitalization of $1,435.01, a price-to-earnings ratio of 270.89, a P/E/G ratio of 2.46 and a beta of 1.35.
Virtusa (NASDAQ:VRTU) last announced its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $263.80 million for the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. research analysts forecast that Virtusa Co. will post 0.99 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in VRTU. Vanguard Group Inc. lifted its holdings in Virtusa by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock worth $60,964,000 after buying an additional 119,133 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Virtusa by 39.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 76,029 shares of the information technology services provider’s stock worth $2,235,000 after buying an additional 21,544 shares during the period. State Street Corp lifted its holdings in Virtusa by 4.0% during the 2nd quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock worth $19,774,000 after buying an additional 25,883 shares during the period. Strs Ohio acquired a new position in Virtusa during the 3rd quarter worth about $555,000. Finally, Peregrine Capital Management LLC acquired a new position in Virtusa during the 3rd quarter worth about $9,115,000. 84.55% of the stock is currently owned by hedge funds and other institutional investors.
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Virtusa 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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