Virtusa Corporation (VRTU) Director Trust Martin Sells 12,255 Shares
Virtusa Corporation (NASDAQ:VRTU) Director Trust Martin sold 12,255 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $35.31, for a total value of $432,724.05. Following the sale, the director now owns 9,397 shares in the company, valued at $331,808.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Trust Martin also recently made the following trade(s):
- On Wednesday, August 30th, Trust Martin sold 3,080 shares of Virtusa Corporation stock. The shares were sold at an average price of $35.55, for a total value of $109,494.00.
Shares of Virtusa Corporation (VRTU) traded up 0.37% during midday trading on Friday, reaching $35.50. The company’s stock had a trading volume of 104,984 shares. Virtusa Corporation has a 12 month low of $18.03 and a 12 month high of $37.66. The stock has a market capitalization of $1.04 billion, a P/E ratio of 51.37 and a beta of 1.67. The stock’s 50-day moving average is $34.78 and its 200 day moving average is $31.16.
Virtusa Corporation (NASDAQ:VRTU) last issued its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $224.46 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts expect that Virtusa Corporation will post $1.55 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its stake in Virtusa Corporation by 10.3% during the second quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 327 shares during the period. SG Americas Securities LLC bought a new position in Virtusa Corporation during the second quarter valued at about $120,000. State of Alaska Department of Revenue increased its stake in Virtusa Corporation by 79.9% during the second quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock valued at $160,000 after acquiring an additional 2,430 shares during the period. BNP Paribas Arbitrage SA increased its stake in Virtusa Corporation by 9.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,166 shares of the information technology services provider’s stock valued at $186,000 after acquiring an additional 522 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Virtusa Corporation by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock valued at $191,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Virtusa Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Maxim Group reiterated a “hold” rating on shares of Virtusa Corporation in a report on Tuesday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Virtusa Corporation in a report on Thursday, August 10th. BidaskClub upgraded Virtusa Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Barrington Research set a $35.00 target price on Virtusa Corporation and gave the company a “buy” rating in a report on Thursday, May 25th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Virtusa Corporation has an average rating of “Buy” and an average price target of $37.00.
About Virtusa Corporation
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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