Virtusa Corp EVP Sells $6,732 in Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) EVP Thomas R. Holler sold 198 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.00, for a total value of $6,732.00. 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on VRTU. Analysts at Maxim Group initiated coverage on shares of Virtusa Corp in a research note on Friday. They set a “buy” rating and a $46.00 price target on the stock. 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.
Shares of Virtusa Corp (NASDAQ:VRTU) traded up 1.77% during mid-day trading on Friday, hitting $34.52. 34,536 shares of the company’s stock traded hands. Virtusa Corp has a one year low of $25.01 and a one year high of $38.49. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $34.39. The company has a market cap of $1.008 billion and a P/E ratio of 26.34.
Virtusa Corp (NASDAQ:VRTU) last announced its earnings results on Tuesday, August 5th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters 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 last year, the company posted $0.29 earnings per share. Virtusa Corp’s revenue was up 24.1% compared to the same quarter last year. Analysts expect that Virtusa Corp will post $1.53 EPS 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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