Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $54.97, for a total transaction of $412,275.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:VRTU opened at $55.27 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of 62.10, a PEG ratio of 1.44 and a beta of 1.05. Virtusa Co. has a 12 month low of $37.80 and a 12 month high of $58.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35.
Virtusa (NASDAQ:VRTU) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $314.68 million during the quarter, compared to analysts’ expectations of $313.32 million. Virtusa had a net margin of 0.89% and a return on equity of 11.39%. Virtusa’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. As a group, equities research analysts anticipate that Virtusa Co. will post 1.58 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in Virtusa by 50.0% during the fourth quarter. Macquarie Group Ltd. now owns 600 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Virtusa during the fourth quarter valued at approximately $43,000. Pearl River Capital LLC purchased a new position in Virtusa during the fourth quarter valued at approximately $64,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Virtusa by 47.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,862 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 603 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Virtusa during the fourth quarter valued at approximately $128,000. 88.18% of the stock is owned by institutional investors.
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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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