Virtusa Corporation (NASDAQ:VRTU) had its price objective increased by analysts at Barrington Research to $52.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the information technology services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 17.06% from the company’s current price.

Other research analysts have also issued research reports about the company. Maxim Group upgraded Virtusa Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Wednesday. Cantor Fitzgerald restated a “buy” rating and issued a $37.00 price objective on shares of Virtusa Corporation in a report on Sunday, November 5th. Cowen and Company restated a “buy” rating and issued a $37.00 price objective on shares of Virtusa Corporation in a report on Thursday, October 12th. Zacks Investment Research upgraded Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, July 19th. Finally, BidaskClub upgraded Virtusa Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.50.

Shares of Virtusa Corporation (NASDAQ:VRTU) traded down $1.19 during trading hours on Thursday, hitting $44.42. The stock had a trading volume of 243,000 shares, compared to its average volume of 304,255. Virtusa Corporation has a 52-week low of $18.94 and a 52-week high of $48.15. The stock has a market cap of $1,339.36, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The company has a quick ratio of 4.26, a current ratio of 4.03 and a debt-to-equity ratio of 0.18.

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

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In other Virtusa Corporation news, Director Trust Martin sold 3,080 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $35.55, for a total value of $109,494.00. Following the completion of the sale, the director now directly owns 22,716 shares of the company’s stock, valued at approximately $807,553.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kris A. Canekeratne sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.68, for a total value of $220,080.00. Following the completion of the sale, the chief executive officer now directly owns 616,186 shares of the company’s stock, valued at $22,601,702.48. The disclosure for this sale can be found here. Insiders sold a total of 82,326 shares of company stock valued at $3,018,860 over the last ninety days. Corporate insiders own 5.96% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VRTU. US Bancorp DE increased its position in shares of Virtusa Corporation by 10.3% during the 2nd quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 327 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Virtusa Corporation during the 2nd quarter worth about $120,000. Victory Capital Management Inc. acquired a new stake in shares of Virtusa Corporation during the 3rd quarter worth about $130,000. State of Alaska Department of Revenue increased its position in shares of Virtusa Corporation by 79.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock worth $160,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Virtusa Corporation by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock worth $191,000 after purchasing an additional 260 shares during the last quarter. 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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