Thomas R. Holler Sells 13,869 Shares of Virtusa Corp Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) EVP Thomas R. Holler sold 13,869 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $34.00, for a total value of $471,546.00. Following the completion of the transaction, the executive vice president now directly owns 56,949 shares of the company’s stock, valued at approximately $1,936,266. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Noble Financial upgraded shares of Virtusa Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $39.00 price target on the stock. They noted that the move was a valuation call.
Virtusa Corp (NASDAQ:VRTU) traded up 1.10% during mid-day trading on Wednesday, hitting $33.86. 171,243 shares of the company’s stock traded hands. Virtusa Corp has a 52 week low of $25.01 and a 52 week high of $38.49. The stock’s 50-day moving average is $33.73 and its 200-day moving average is $34.40. The company has a market cap of $988.3 million and a P/E ratio of 26.00.
Virtusa Corp (NASDAQ:VRTU) last announced its earnings results on Tuesday, August 5th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $112.27 million for the quarter, compared to the consensus estimate of $112.07 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts predict that Virtusa Corp will post $1.53 earnings per share for the current fiscal year.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
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