Virtusa Co. (NASDAQ:VRTU) President Samir Dhir sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $52.89, for a total value of $211,560.00. Following the sale, the president now owns 129,045 shares in the company, valued at approximately $6,825,190.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Samir Dhir also recently made the following trade(s):

  • On Monday, June 11th, Samir Dhir sold 4,000 shares of Virtusa stock. The shares were sold at an average price of $52.34, for a total value of $209,360.00.

Shares of Virtusa stock opened at $51.81 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market cap of $1.57 billion, a PE ratio of 58.21, a P/E/G ratio of 1.70 and a beta of 1.19. Virtusa Co. has a twelve month low of $33.50 and a twelve month high of $55.68.

Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Wednesday, August 8th. The information technology services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $300.00 million for the quarter, compared to analysts’ expectations of $298.00 million. Virtusa had a positive return on equity of 7.38% and a negative net margin of 0.80%. The business’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. research analysts expect that Virtusa Co. will post 1.55 EPS for the current year.

Several analysts have issued reports on the company. BidaskClub upgraded Virtusa from a “hold” rating to a “buy” rating in a research note on Friday, July 13th. Zacks Investment Research upgraded Virtusa from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Sunday, July 15th. Barrington Research set a $64.00 price objective on Virtusa and gave the company a “buy” rating in a research note on Friday, August 10th. Needham & Company LLC upped their price objective on Virtusa from $65.00 to $68.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 9th. Finally, SunTrust Banks upped their price objective on Virtusa to $56.00 and gave the company a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.75.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Virtusa during the 1st quarter worth approximately $107,000. Fortis Advisors LLC acquired a new stake in shares of Virtusa during the 1st quarter worth approximately $116,000. Stevens Capital Management LP acquired a new stake in shares of Virtusa during the 1st quarter worth approximately $209,000. LPL Financial LLC acquired a new stake in shares of Virtusa during the 1st quarter worth approximately $219,000. Finally, Amalgamated Bank acquired a new stake in shares of Virtusa during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Virtusa Company Profile

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

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