Virtusa Co. (NASDAQ:VRTU) has been assigned an average recommendation of “Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.29.

VRTU has been the topic of several research reports. Cantor Fitzgerald restated a “buy” rating and set a $37.00 price target on shares of Virtusa in a research note on Sunday, November 5th. Cowen restated a “buy” rating and set a $37.00 price target on shares of Virtusa in a research note on Thursday, October 12th. Barrington Research boosted their price target on Virtusa to $52.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Maxim Group upgraded Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, November 8th. Finally, Needham & Company LLC boosted their price target on Virtusa to $55.00 and gave the company a “buy” rating in a research note on Friday, November 17th.

Virtusa (NASDAQ:VRTU) opened at $44.67 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market capitalization of $1,328.49, a PE ratio of 51.41, a PEG ratio of 2.17 and a beta of 1.71. Virtusa has a 12 month low of $23.75 and a 12 month high of $48.71.

Virtusa (NASDAQ:VRTU) last posted its quarterly earnings data on Wednesday, November 8th. The information technology services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Virtusa 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 period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts predict that Virtusa will post 1.04 EPS for the current fiscal year.

In other Virtusa news, insider Raj Rajgopal sold 4,025 shares of Virtusa stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.01, for a total transaction of $152,990.25. Following the sale, the insider now directly owns 108,576 shares of the company’s stock, valued at $4,126,973.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kris A. Canekeratne sold 22,000 shares of Virtusa stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.96, for a total value of $835,120.00. Following the sale, the chief executive officer now directly owns 577,491 shares in the company, valued at $21,921,558.36. The disclosure for this sale can be found here. Insiders have sold 88,075 shares of company stock worth $3,697,802 over the last ninety days. Company insiders own 5.96% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC boosted its holdings in shares of Virtusa by 4.0% in the 1st quarter. Teachers Advisors LLC now owns 47,470 shares of the information technology services provider’s stock worth $1,435,000 after acquiring an additional 1,818 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Virtusa by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,027 shares of the information technology services provider’s stock worth $3,537,000 after acquiring an additional 6,579 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Virtusa by 75.9% in the 1st quarter. Bank of America Corp DE now owns 50,568 shares of the information technology services provider’s stock worth $1,528,000 after acquiring an additional 21,823 shares in the last quarter. State Street Corp boosted its holdings in shares of Virtusa by 5.2% in the 1st quarter. State Street Corp now owns 646,579 shares of the information technology services provider’s stock worth $19,539,000 after acquiring an additional 32,045 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Virtusa by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the information technology services provider’s stock worth $332,000 after acquiring an additional 100 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.

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About Virtusa

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.

Analyst Recommendations for Virtusa (NASDAQ:VRTU)

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