Press coverage about Virtusa Corporation (NASDAQ:VRTU) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the information technology services provider an impact score of 45.5506623474031 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Virtusa Corporation (VRTU) Director Trust Martin Sells 12,255 Shares (americanbankingnews.com)
- Everest Group Recognizes Virtusa as a Major Contender in its PEAK Matrix™ for Global Banking Application Outsourcing Services (finance.yahoo.com)
- Virtusa Corporation (VRTU) Insider Sells $145,101.25 in Stock (americanbankingnews.com)
- Virtusa Corporation (VRTU) CEO Kris A. Canekeratne Sells 10,000 Shares (americanbankingnews.com)
Virtusa Corporation (NASDAQ VRTU) traded up 1.69% during midday trading on Monday, reaching $36.10. 81,184 shares of the company’s stock were exchanged. Virtusa Corporation has a 52 week low of $18.03 and a 52 week high of $37.66. The firm has a 50-day moving average price of $34.90 and a 200 day moving average price of $31.23. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 52.24 and a beta of 1.67.
Virtusa Corporation (NASDAQ:VRTU) last released its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.09. The company had revenue of $227.30 million for the quarter, compared to analyst estimates of $224.46 million. Virtusa Corporation had a net margin of 2.47% and a return on equity of 4.26%. Virtusa Corporation’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Analysts anticipate that Virtusa Corporation will post $1.55 EPS for the current year.
A number of equities research analysts recently issued reports on VRTU shares. Zacks Investment Research upgraded 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. BidaskClub cut shares of Virtusa Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Maxim Group reiterated a “hold” rating on shares of Virtusa Corporation in a report on Tuesday, May 16th. SunTrust Banks, Inc. set a $32.00 price objective on shares of Virtusa Corporation and gave the stock a “buy” rating in a report on Friday, May 19th. Finally, Barrington Research set a $35.00 price objective on shares of Virtusa Corporation and gave the stock a “buy” rating in a report on Thursday, May 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.00.
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In related news, insider Raj Rajgopal sold 27,526 shares of Virtusa Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $34.76, for a total transaction of $956,803.76. Following the completion of the sale, the insider now owns 122,708 shares of the company’s stock, valued at approximately $4,265,330.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert E. Davoli sold 2,941 shares of Virtusa Corporation stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $35.39, for a total transaction of $104,081.99. Following the sale, the director now directly owns 14,442 shares of the company’s stock, valued at approximately $511,102.38. The disclosure for this sale can be found here. Insiders have sold a total of 83,827 shares of company stock worth $2,953,885 over the last 90 days. 5.96% of the stock is owned by company insiders.
About Virtusa Corporation
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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