Virtusa Corporation (VRTU) Director Sells $432,724.05 in Stock

Virtusa Corporation (NASDAQ:VRTU) Director Trust Martin sold 12,255 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $35.31, for a total transaction of $432,724.05. Following the completion of the sale, the director now directly owns 9,397 shares of the company’s stock, valued at approximately $331,808.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Trust Martin also recently made the following trade(s):

  • On Wednesday, August 30th, Trust Martin sold 3,080 shares of Virtusa Corporation stock. The shares were sold at an average price of $35.55, for a total transaction of $109,494.00.

Virtusa Corporation (NASDAQ:VRTU) opened at 35.50 on Monday. Virtusa Corporation has a 12 month low of $18.03 and a 12 month high of $37.66. The stock has a 50 day moving average of $34.85 and a 200 day moving average of $31.20. The firm has a market capitalization of $1.04 billion, a PE ratio of 51.37 and a beta of 1.67.

Virtusa Corporation (NASDAQ:VRTU) last issued its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The company had revenue of $227.30 million for the quarter, compared to the consensus estimate of $224.46 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Virtusa Corporation will post $1.55 earnings per share for the current fiscal year.

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VRTU has been the subject of a number of recent research reports. Maxim Group reissued a “hold” rating on shares of Virtusa Corporation in a report on Tuesday, August 8th. BidaskClub raised shares of Virtusa Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, July 19th. Barrington Research set a $35.00 price objective on shares of Virtusa Corporation and gave the company a “buy” rating in a report on Thursday, May 25th. Finally, ValuEngine raised shares of Virtusa Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Virtusa Corporation currently has a consensus rating of “Buy” and an average target price of $37.00.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Virtusa Corporation by 120,287.9% during the first quarter. BlackRock Inc. now owns 3,341,967 shares of the information technology services provider’s stock valued at $100,993,000 after purchasing an additional 3,339,191 shares in the last quarter. CNA Financial Corp boosted its holdings in Virtusa Corporation by 91.9% in the first quarter. CNA Financial Corp now owns 16,933 shares of the information technology services provider’s stock worth $512,000 after acquiring an additional 8,108 shares in the last quarter. Morgan Stanley boosted its holdings in Virtusa Corporation by 548.1% in the first quarter. Morgan Stanley now owns 560,515 shares of the information technology services provider’s stock worth $16,938,000 after acquiring an additional 474,032 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Virtusa Corporation by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 213,010 shares of the information technology services provider’s stock worth $6,263,000 after acquiring an additional 10,220 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Virtusa Corporation by 19.4% in the first quarter. Wells Fargo & Company MN now owns 22,615 shares of the information technology services provider’s stock worth $684,000 after acquiring an additional 3,668 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

Virtusa Corporation 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.

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

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