Virtusa Co. (NASDAQ:VRTU) CFO Ranjan Kalia sold 13,865 shares of Virtusa stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $50.38, for a total transaction of $698,518.70. Following the sale, the chief financial officer now directly owns 122,070 shares of the company’s stock, valued at approximately $6,149,886.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Virtusa Co. (NASDAQ:VRTU) opened at $50.00 on Tuesday. The company has a market cap of $1,447.35, a P/E ratio of 277.78, a PEG ratio of 2.47 and a beta of 1.35. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.23. Virtusa Co. has a 12-month low of $25.72 and a 12-month high of $52.88.

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Virtusa (NASDAQ:VRTU) last issued its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $263.80 million during the quarter, compared to analysts’ expectations of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. sell-side analysts predict that Virtusa Co. will post 1 earnings per share for the current fiscal year.

A number of research firms have issued reports on VRTU. Wedbush downgraded shares of Virtusa from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $55.00 to $60.00 in a report on Tuesday, March 13th. Cantor Fitzgerald reissued a “buy” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Virtusa in a report on Tuesday, March 13th. Barrington Research set a $55.00 price objective on shares of Virtusa and gave the company a “buy” rating in a report on Tuesday, March 13th. Maxim Group boosted their price objective on shares of Virtusa to $64.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Needham & Company LLC boosted their price objective on shares of Virtusa to $65.00 and gave the company a “buy” rating in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Virtusa currently has a consensus rating of “Buy” and a consensus price target of $57.88.

Several large investors have recently modified their holdings of VRTU. Castleark Management LLC acquired a new position in shares of Virtusa in the 4th quarter valued at approximately $6,608,000. WINTON GROUP Ltd acquired a new position in shares of Virtusa in the 4th quarter valued at approximately $5,547,000. Pier Capital LLC acquired a new position in shares of Virtusa in the 4th quarter valued at approximately $5,507,000. Millennium Management LLC raised its position in shares of Virtusa by 93.7% in the 4th quarter. Millennium Management LLC now owns 202,154 shares of the information technology services provider’s stock valued at $8,911,000 after buying an additional 97,768 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Virtusa by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,972,230 shares of the information technology services provider’s stock valued at $74,511,000 after buying an additional 92,126 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

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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.

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

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