Virtusa Co. (VRTU) CEO Kris A. Canekeratne Sells 10,000 Shares
Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $45.06, for a total transaction of $450,600.00. Following the transaction, the chief executive officer now directly owns 559,491 shares in the company, valued at $25,210,664.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Virtusa Co. (NASDAQ:VRTU) traded up $0.05 during mid-day trading on Thursday, reaching $44.44. 197,200 shares of the company’s stock traded hands, compared to its average volume of 198,100. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market capitalization of $1,330.00, a P/E ratio of 62.59, a price-to-earnings-growth ratio of 2.13 and a beta of 1.72. Virtusa Co. has a 12 month low of $24.84 and a 12 month high of $48.71.
Virtusa (NASDAQ:VRTU) last posted its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, topping 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 company had revenue of $248.20 million during the quarter, compared to the consensus estimate of $237.48 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. sell-side analysts expect that Virtusa Co. will post 1.04 earnings per share for the current fiscal year.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Virtusa from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th. Zacks Investment Research raised shares of Virtusa from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Barrington Research boosted their target price on shares of Virtusa to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and issued a $52.00 target price on shares of Virtusa in a research report on Friday, November 10th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $37.00 target price on shares of Virtusa in a research report on Sunday, November 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.25.
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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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