Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.51, for a total transaction of $183,177.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Raj Rajgopal also recently made the following trade(s):

  • On Friday, November 10th, Raj Rajgopal sold 14,025 shares of Virtusa stock. The stock was sold at an average price of $45.02, for a total transaction of $631,405.50.
  • On Monday, October 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The stock was sold at an average price of $38.01, for a total transaction of $152,990.25.

Virtusa Co. (NASDAQ VRTU) traded down $0.26 during trading on Thursday, hitting $44.98. 203,800 shares of the stock traded hands, compared to its average volume of 295,484. 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 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 Co. has a twelve month low of $22.49 and a twelve 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $248.20 million during the quarter, compared to analysts’ expectations of $237.48 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. equities research analysts forecast that Virtusa Co. will post 1.04 earnings per share for the current year.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Virtusa from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Cowen restated a “buy” rating and issued a $37.00 price target on shares of Virtusa in a research note on Thursday, October 12th. Needham & Company LLC raised their price target on shares of Virtusa to $55.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Barrington Research raised their price target on shares of Virtusa to $52.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Maxim Group upgraded shares of 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.00.

Several institutional investors have recently bought and sold shares of VRTU. Aperio Group LLC boosted its holdings in Virtusa by 0.6% during the second quarter. Aperio Group LLC now owns 9,836 shares of the information technology services provider’s stock worth $289,000 after buying an additional 60 shares in the last quarter. Arizona State Retirement System boosted its holdings in Virtusa by 0.7% during the second quarter. Arizona State Retirement System now owns 14,455 shares of the information technology services provider’s stock worth $425,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Virtusa by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the information technology services provider’s stock worth $332,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Virtusa by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,510 shares of the information technology services provider’s stock worth $191,000 after buying an additional 260 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Virtusa by 1.4% during the second quarter. Texas Permanent School Fund now owns 20,231 shares of the information technology services provider’s stock worth $595,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Virtusa Co. (VRTU) Insider Sells $183,177.75 in Stock” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/12/07/insider-selling-virtusa-co-vrtu-insider-sells-183177-75-in-stock.html.

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.

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

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