Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.51, for a total transaction of $475,100.00. Following the transaction, the chief executive officer now directly owns 535,491 shares of the company’s stock, valued at approximately $25,441,177.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Virtusa Co. (NASDAQ VRTU) traded up $0.57 on Wednesday, reaching $48.32. 215,200 shares of the company’s stock traded hands, compared to its average volume of 207,822. The stock has a market capitalization of $1,405.27, a P/E ratio of 59.69, a P/E/G ratio of 2.30 and a beta of 1.48. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. Virtusa Co. has a 12 month low of $25.72 and a 12 month high of $49.22.
Virtusa (NASDAQ:VRTU) last announced its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $263.80 million during the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. equities research analysts anticipate that Virtusa Co. will post 1.04 EPS for the current year.
VRTU has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of Virtusa to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Virtusa from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Cowen reiterated a “buy” rating and set a $55.00 price objective on shares of Virtusa in a research note on Thursday, December 14th. Barrington Research boosted their price objective on shares of Virtusa to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $37.00 price objective on shares of Virtusa in a research note on Sunday, November 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Virtusa presently has an average rating of “Buy” and an average target price of $50.63.
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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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