Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.48, for a total value of $454,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Virtusa Co. (VRTU) opened at $45.24 on Wednesday. Virtusa Co. has a 1 year low of $21.98 and a 1 year high of $48.71. The firm has a market cap of $1,338.47, a PE ratio of 51.79, a P/E/G ratio of 2.19 and a beta of 1.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03.

Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The business had revenue of $248.20 million for the quarter, compared to analysts’ expectations of $237.48 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities analysts expect that Virtusa Co. will post 1.04 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of VRTU. Teachers Advisors LLC lifted its position in shares of Virtusa by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 47,470 shares of the information technology services provider’s stock worth $1,435,000 after buying an additional 1,818 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Virtusa by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 1,954,497 shares of the information technology services provider’s stock worth $59,065,000 after purchasing an additional 102,682 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Virtusa by 7.8% during the 1st quarter. Geode Capital Management LLC now owns 227,982 shares of the information technology services provider’s stock worth $6,889,000 after purchasing an additional 16,562 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Virtusa by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,027 shares of the information technology services provider’s stock worth $3,537,000 after purchasing an additional 6,579 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Virtusa by 75.9% during the 1st quarter. Bank of America Corp DE now owns 50,568 shares of the information technology services provider’s stock worth $1,528,000 after purchasing an additional 21,823 shares during the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on VRTU shares. Zacks Investment Research downgraded Virtusa from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Cowen restated a “buy” rating and issued a $37.00 target price on shares of Virtusa in a research note on Thursday, October 12th. Barrington Research raised their target price on Virtusa to $52.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Needham & Company LLC raised their target price on Virtusa to $55.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Maxim Group upgraded Virtusa from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $45.00.

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About Virtusa

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.

Insider Buying and Selling by Quarter for Virtusa (NASDAQ:VRTU)

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