Virtusa (VRTU) Receives Daily Media Impact Score of 0.17

News articles about Virtusa (NASDAQ:VRTU) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtusa earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 45.8121323335692 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

VRTU has been the subject of several recent analyst reports. Zacks Investment Research downgraded Virtusa from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Needham & Company LLC upped their price target on Virtusa to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Cowen reiterated a “buy” rating and set a $37.00 price target on shares of Virtusa in a research note on Thursday, October 12th. Barrington Research upped their price target on Virtusa to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Maxim Group upgraded Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.00.

Virtusa (NASDAQ:VRTU) opened at $45.15 on Tuesday. Virtusa has a 12-month low of $23.75 and a 12-month high of $48.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market capitalization of $1,315.86, a PE ratio of 50.92, a P/E/G ratio of 2.15 and a beta of 1.71.

Virtusa (NASDAQ:VRTU) last posted its quarterly earnings data on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Virtusa had a return on equity of 4.86% and a net margin of 2.54%. The business had revenue of $248.20 million during the quarter, compared to analysts’ expectations of $237.48 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. analysts forecast that Virtusa will post 1.04 earnings per share for the current fiscal year.

In other Virtusa news, CEO Kris A. Canekeratne sold 789 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $36.09, for a total value of $28,475.01. Following the completion of the transaction, the chief executive officer now owns 594,702 shares of the company’s stock, valued at approximately $21,462,795.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raj Rajgopal sold 4,025 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.01, for a total value of $152,990.25. Following the completion of the transaction, the insider now directly owns 108,576 shares of the company’s stock, valued at approximately $4,126,973.76. The disclosure for this sale can be found here. Insiders have sold a total of 88,075 shares of company stock valued at $3,697,802 in the last three months. 5.96% of the stock is owned by insiders.

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Virtusa 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 (NASDAQ:VRTU)

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