Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $46.12, for a total transaction of $553,440.00. Following the completion of the transaction, the chief executive officer now owns 553,491 shares in the company, valued at $25,527,004.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Virtusa Co. (VRTU) traded up $0.84 on Friday, reaching $46.94. 219,000 shares of the company traded hands, compared to its average volume of 180,525. The firm has a market capitalization of $1,350.00, a PE ratio of 66.11, a PEG ratio of 2.20 and a beta of 1.72. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.18. Virtusa Co. has a 1 year low of $24.84 and a 1 year high of $48.71.
Virtusa (NASDAQ:VRTU) last posted its quarterly earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $248.20 million for the quarter, compared to analysts’ expectations of $237.48 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. sell-side analysts predict that Virtusa Co. will post 1.04 earnings per share for the current year.
Several large investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in shares of Virtusa by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 146,502 shares of the information technology services provider’s stock worth $4,307,000 after purchasing an additional 705 shares during the period. American International Group Inc. raised its holdings in shares of Virtusa by 5.5% during the third quarter. American International Group Inc. now owns 21,860 shares of the information technology services provider’s stock worth $826,000 after purchasing an additional 1,131 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Virtusa by 0.6% during the second quarter. Principal Financial Group Inc. now owns 210,762 shares of the information technology services provider’s stock worth $6,196,000 after purchasing an additional 1,275 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Virtusa by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,351 shares of the information technology services provider’s stock worth $3,480,000 after purchasing an additional 1,324 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Virtusa by 2.9% during the second quarter. Rhumbline Advisers now owns 54,201 shares of the information technology services provider’s stock worth $1,594,000 after purchasing an additional 1,523 shares during the period. 88.00% of the stock is currently owned by institutional investors.
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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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