Mesirow Financial Investment Management Equity Management raised its position in Virtusa Corporation (NASDAQ:VRTU) by 80.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 422,359 shares of the information technology services provider’s stock after purchasing an additional 187,675 shares during the period. Mesirow Financial Investment Management Equity Management owned 1.44% of Virtusa Corporation worth $15,957,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Virtusa Corporation by 10.3% in the 2nd quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 327 shares during the period. SG Americas Securities LLC acquired a new position in shares of Virtusa Corporation in the 2nd quarter worth approximately $120,000. Victory Capital Management Inc. acquired a new position in shares of Virtusa Corporation in the 3rd quarter worth approximately $130,000. State of Alaska Department of Revenue lifted its position in shares of Virtusa Corporation by 79.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock worth $160,000 after purchasing an additional 2,430 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Virtusa Corporation by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock worth $191,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 91.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Virtusa Corporation (VRTU) Stake Lifted by Mesirow Financial Investment Management Equity Management” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://theolympiareport.com/2017/11/02/virtusa-corporation-vrtu-stake-lifted-by-mesirow-financial-investment-management-equity-management.html.

Virtusa Corporation (NASDAQ:VRTU) last released its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The business had revenue of $227.30 million for the quarter, compared to analysts’ expectations of $224.46 million. Virtusa Corporation had a net margin of 2.47% and a return on equity of 4.26%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share.

A number of research analysts have recently issued reports on VRTU shares. Cantor Fitzgerald restated a “buy” rating and issued a $37.00 price target on shares of Virtusa Corporation in a research report on Friday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Virtusa Corporation in a research report on Thursday, August 10th. Cowen and Company restated a “buy” rating and issued a $36.00 price target on shares of Virtusa Corporation in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Virtusa Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Virtusa Corporation currently has a consensus rating of “Buy” and a consensus price target of $37.13.

In related news, Director Trust Martin sold 3,080 shares of Virtusa Corporation stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total value of $109,494.00. Following the sale, the director now owns 22,716 shares in the company, valued at $807,553.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kris A. Canekeratne sold 6,000 shares of Virtusa Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.68, for a total transaction of $220,080.00. Following the completion of the sale, the chief executive officer now owns 616,186 shares in the company, valued at approximately $22,601,702.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,852 shares of company stock worth $3,975,663. 5.96% of the stock is currently owned by company insiders.

Virtusa Corporation 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.

Want to see what other hedge funds are holding VRTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtusa Corporation (NASDAQ:VRTU).

Institutional Ownership by Quarter for Virtusa Corporation (NASDAQ:VRTU)

Receive News & Ratings for Virtusa Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.