Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $56.41, for a total transaction of $676,920.00. Following the completion of the sale, the chief executive officer now directly owns 597,117 shares of the company’s stock, valued at approximately $33,683,369.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of VRTU remained flat at $$55.27 during mid-day trading on Friday. 91,079 shares of the stock traded hands, compared to its average volume of 113,855. The firm has a market capitalization of $1.65 billion, a PE ratio of 62.10, a PEG ratio of 1.44 and a beta of 1.05. Virtusa Co. has a 1-year low of $37.80 and a 1-year 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 results on Thursday, February 7th. The information technology services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The business had revenue of $314.68 million for 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%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, equities research analysts forecast that Virtusa Co. will post 1.58 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. raised its holdings in Virtusa by 50.0% in 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. acquired a new stake in Virtusa in the fourth quarter valued at approximately $43,000. Pearl River Capital LLC acquired a new stake in Virtusa in the fourth quarter valued at approximately $64,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Virtusa by 47.9% in 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. acquired a new stake in Virtusa in the fourth quarter valued at approximately $128,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This article was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/04/virtusa-co-vrtu-ceo-kris-a-canekeratne-sells-12000-shares.html.
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.
Recommended Story: What does the Dow Jones Industrial Average (DJIA) measure?
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.