Recent Investment Analysts’ Ratings Changes for Virtusa (VRTU)

A number of firms have modified their ratings and price targets on shares of Virtusa (NASDAQ: VRTU) recently:

  • 2/8/2018 – Virtusa was given a new $59.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 1/25/2018 – Virtusa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Virtusa Corporation is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment. The company also provides technology implementation services, such as application development, software product engineering. In addition, it offers application outsourcing services, such as the application maintenance and support, maintenance and enhancement of applications, and cloud-environment management and support; managed infrastructure services, and remote application monitoring and support; Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation. “
  • 1/21/2018 – Virtusa was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Virtusa Corporation is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment. The company also provides technology implementation services, such as application development, software product engineering. In addition, it offers application outsourcing services, such as the application maintenance and support, maintenance and enhancement of applications, and cloud-environment management and support; managed infrastructure services, and remote application monitoring and support; Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation. “
  • 1/20/2018 – Virtusa was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/13/2018 – Virtusa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Virtusa Corporation is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment. The company also provides technology implementation services, such as application development, software product engineering. In addition, it offers application outsourcing services, such as the application maintenance and support, maintenance and enhancement of applications, and cloud-environment management and support; managed infrastructure services, and remote application monitoring and support; Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation. “
  • 1/10/2018 – Virtusa was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/30/2017 – Virtusa was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/14/2017 – Virtusa had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $55.00 price target on the stock.

Virtusa Co. (VRTU) traded up $4.60 on Thursday, hitting $46.64. 204,567 shares of the stock were exchanged, compared to its average volume of 182,256. The stock has a market cap of $1,255.96, a price-to-earnings ratio of 65.69, a P/E/G ratio of 2.06 and a beta of 1.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. Virtusa Co. has a 12-month low of $25.72 and a 12-month high of $48.71.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $263.80 million during the quarter, compared to analyst estimates of $259.81 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. research analysts forecast that Virtusa Co. will post 1.04 earnings per share for the current year.

In other news, CEO Kris A. Canekeratne sold 10,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $45.06, for a total transaction of $450,600.00. Following the completion of the transaction, the chief executive officer now directly owns 559,491 shares in the company, valued at approximately $25,210,664.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $47.70, for a total transaction of $572,400.00. Following the completion of the transaction, the chief executive officer now owns 541,491 shares of the company’s stock, valued at $25,829,120.70. The disclosure for this sale can be found here. Insiders have sold a total of 89,580 shares of company stock valued at $4,095,604 over the last 90 days. Company insiders own 5.96% of the company’s stock.

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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