Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $47.70, for a total value of $572,400.00. Following the transaction, the chief executive officer now directly owns 541,491 shares in the company, valued at approximately $25,829,120.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Virtusa Co. (NASDAQ VRTU) traded up $0.48 during trading on Friday, reaching $48.01. The company’s stock had a trading volume of 240,833 shares, compared to its average volume of 177,900. 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 firm has a market capitalization of $1,398.38, a price-to-earnings ratio of 67.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.72. Virtusa Co. has a 12 month low of $24.84 and a 12 month high of $48.71.
Virtusa (NASDAQ:VRTU) last posted its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.11. The company had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. Virtusa had a return on equity of 4.86% and a net margin of 2.54%. Virtusa’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. equities research analysts anticipate that Virtusa Co. will post 1.04 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on VRTU shares. Cowen reaffirmed a “buy” rating and set a $37.00 price objective on shares of Virtusa in a report on Thursday, October 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $37.00 price objective on shares of Virtusa in a report on Sunday, November 5th. Maxim Group raised Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Wednesday, November 8th. Barrington Research upped their target price on Virtusa to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, TheStreet raised Virtusa from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.25.
Virtusa 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.
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