TheStreet upgraded shares of Virtusa Corporation (NASDAQ:VRTU) from a c rating to a b- rating in a research report sent to investors on Wednesday morning.

A number of other research analysts also recently commented on VRTU. BidaskClub upgraded Virtusa Corporation from a hold rating to a buy rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded Virtusa Corporation from a hold rating to a buy rating and set a $36.00 price target for the company in a research note on Wednesday, July 19th. Cowen and Company reiterated a buy rating and set a $36.00 price target on shares of Virtusa Corporation in a research note on Friday, July 28th. Maxim Group reiterated a hold rating on shares of Virtusa Corporation in a research note on Tuesday, August 8th. Finally, Barrington Research upped their price target on Virtusa Corporation from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $43.50.

Virtusa Corporation (VRTU) opened at $44.42 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.26. Virtusa Corporation has a 52 week low of $18.94 and a 52 week high of $48.15. The company has a market capitalization of $1,339.36, a PE ratio of 51.83, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66.

Virtusa Corporation (NASDAQ:VRTU) last issued its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Virtusa Corporation had a return on equity of 4.86% and a net margin of 2.54%. The firm had revenue of $248.20 million for the quarter, compared to the consensus estimate of $237.48 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. equities research analysts forecast that Virtusa Corporation will post 1 EPS for the current fiscal year.

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In other Virtusa Corporation news, CEO Kris A. Canekeratne sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.89, for a total value of $221,340.00. Following the completion of the transaction, the chief executive officer now owns 604,186 shares of the company’s stock, valued at approximately $22,288,421.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Trust Martin sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total value of $109,494.00. Following the completion of the transaction, the director now directly owns 22,716 shares of the company’s stock, valued at approximately $807,553.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,326 shares of company stock valued at $3,018,860. 5.96% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of VRTU. Parametric Portfolio Associates LLC grew its position in Virtusa Corporation by 0.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 54,485 shares of the information technology services provider’s stock worth $1,647,000 after acquiring an additional 510 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Virtusa Corporation by 0.9% during the 1st quarter. OppenheimerFunds Inc. now owns 18,987 shares of the information technology services provider’s stock worth $574,000 after buying an additional 176 shares during the period. Principal Financial Group Inc. raised its stake in Virtusa Corporation by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 209,487 shares of the information technology services provider’s stock worth $6,331,000 after buying an additional 7,337 shares during the period. Teachers Advisors LLC raised its stake in Virtusa Corporation 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 during the period. Finally, Legal & General Group Plc raised its stake in shares of Virtusa Corporation by 3.7% in the 1st quarter. Legal & General Group Plc now owns 50,188 shares of the information technology services provider’s stock valued at $1,517,000 after purchasing an additional 1,773 shares during the period. 93.05% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Virtusa Corporation (NASDAQ:VRTU)

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