Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of Virtusa stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $52.91, for a total value of $634,920.00. Following the transaction, the chief executive officer now owns 609,117 shares of the company’s stock, valued at $32,228,380.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Virtusa stock opened at $52.70 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Virtusa Co. has a 52 week low of $37.80 and a 52 week high of $58.60. The firm has a market cap of $1.58 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05.
Virtusa (NASDAQ:VRTU) last posted its quarterly earnings results on Thursday, February 7th. The information technology services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. Virtusa had a return on equity of 11.39% and a net margin of 0.89%. The company had revenue of $314.68 million during the quarter, compared to analysts’ expectations of $313.32 million. During the same quarter in the previous year, the firm earned $0.47 EPS. Virtusa’s revenue was up 19.3% on a year-over-year basis. As a group, research analysts forecast that Virtusa Co. will post 1.61 EPS for the current year.
Several analysts recently issued reports on VRTU shares. Barrington Research set a $64.00 price target on Virtusa and gave the company a “buy” rating in a research note on Friday, February 8th. Cantor Fitzgerald restated a “buy” rating and issued a $62.00 price target on shares of Virtusa in a research note on Friday, February 8th. BidaskClub upgraded Virtusa from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Finally, Zacks Investment Research raised Virtusa from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $62.83.
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Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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