Barrington Research set a $55.00 price objective on Virtusa (NASDAQ:VRTU) in a research report report published on Tuesday morning. The firm currently has a buy rating on the information technology services provider’s stock.
Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Virtusa from a buy rating to a hold rating in a report on Wednesday, January 10th. Cantor Fitzgerald restated a buy rating and set a $60.00 target price on shares of Virtusa in a report on Tuesday. Wedbush lifted their target price on shares of Virtusa from $55.00 to $60.00 and gave the company a neutral rating in a report on Tuesday. ValuEngine upgraded shares of Virtusa from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Maxim Group set a $59.00 target price on shares of Virtusa and gave the company a buy rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $56.00.
Virtusa (NASDAQ:VRTU) opened at $51.50 on Tuesday. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1,520.00, a price-to-earnings ratio of 59.88, a P/E/G ratio of 2.52 and a beta of 1.35. Virtusa has a 1-year low of $25.72 and a 1-year high of $52.88.
In other Virtusa 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 value of $450,600.00. Following the transaction, the chief executive officer now owns 559,491 shares in the company, valued at approximately $25,210,664.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kris A. Canekeratne sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $51.22, for a total transaction of $614,640.00. The disclosure for this sale can be found here. Insiders sold a total of 83,075 shares of company stock worth $3,968,466 in the last quarter. 5.96% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. We Are One Seven LLC acquired a new position in Virtusa in the 4th quarter worth $143,000. Victory Capital Management Inc. acquired a new position in Virtusa in the 3rd quarter worth $130,000. LS Investment Advisors LLC lifted its holdings in Virtusa by 359.5% in the 4th quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock worth $194,000 after buying an additional 3,451 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Virtusa in the 4th quarter worth $239,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Virtusa in the 3rd quarter worth about $224,000. Hedge funds and other institutional investors own 86.76% 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.
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.