Virtusa Corporation (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $45.06, for a total value of $450,600.00. Following the completion of the sale, the chief executive officer now directly owns 571,491 shares in the company, valued at approximately $25,751,384.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Virtusa Corporation (NASDAQ VRTU) traded up $0.93 during trading on Tuesday, hitting $45.35. The stock had a trading volume of 240,800 shares, compared to its average volume of 303,966. Virtusa Corporation has a 1-year low of $18.94 and a 1-year high of $48.15. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,304.41, a price-to-earnings ratio of 50.48, a P/E/G ratio of 2.23 and a beta of 1.66.

Virtusa Corporation (NASDAQ:VRTU) last posted its quarterly earnings data on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Virtusa Corporation had a return on equity of 4.86% and a net margin of 2.54%. The business had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. equities research analysts expect that Virtusa Corporation will post 1 EPS for the current year.

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A number of analysts have issued reports on VRTU shares. Zacks Investment Research raised Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, July 19th. BidaskClub raised Virtusa Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $36.00 target price on shares of Virtusa Corporation in a research report on Friday, July 28th. Maxim Group reissued a “hold” rating on shares of Virtusa Corporation in a research report on Tuesday, August 8th. Finally, Barrington Research boosted their target price on Virtusa Corporation from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Virtusa Corporation has an average rating of “Buy” and an average price target of $43.50.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Virtusa Corporation by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,972,230 shares of the information technology services provider’s stock worth $74,511,000 after acquiring an additional 92,126 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Virtusa Corporation by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 126,163 shares of the information technology services provider’s stock worth $4,767,000 after acquiring an additional 7,812 shares during the period. Wells Fargo & Company MN increased its position in shares of Virtusa Corporation by 51.2% during the third quarter. Wells Fargo & Company MN now owns 33,899 shares of the information technology services provider’s stock worth $1,281,000 after acquiring an additional 11,482 shares during the period. Citadel Advisors LLC grew its stake in shares of Virtusa Corporation by 70.4% during the third quarter. Citadel Advisors LLC now owns 109,197 shares of the information technology services provider’s stock worth $4,126,000 after purchasing an additional 45,106 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Virtusa Corporation during the third quarter worth $247,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Virtusa Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Virtusa Corporation (NASDAQ:VRTU)

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