Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $54.09, for a total transaction of $540,900.00. Following the sale, the chief executive officer now directly owns 609,117 shares of the company’s stock, valued at $32,947,138.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
VRTU stock traded down $1.00 during trading on Wednesday, hitting $53.39. 4,554 shares of the company’s stock traded hands, compared to its average volume of 115,651. Virtusa Co. has a 52 week low of $37.80 and a 52 week high of $58.60. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.58 billion, a P/E ratio of 59.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05.
Virtusa (NASDAQ:VRTU) last released its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The business had revenue of $314.68 million during the quarter, compared to analyst estimates of $313.32 million. Virtusa had a net margin of 0.89% and a return on equity of 11.39%. Virtusa’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, analysts anticipate that Virtusa Co. will post 1.61 EPS for the current year.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Virtusa from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. BidaskClub cut shares of Virtusa from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Cantor Fitzgerald reissued a “buy” rating and issued a $62.00 price objective on shares of Virtusa in a research note on Friday, February 8th. Finally, Barrington Research set a $64.00 price objective on shares of Virtusa and gave the stock a “buy” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Virtusa presently has an average rating of “Buy” and an average target price of $62.83.
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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