Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 7,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $44.53, for a total transaction of $333,975.00. Following the sale, the chief executive officer now directly owns 706,748 shares of the company’s stock, valued at approximately $31,471,488.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
VRTU stock opened at $44.42 on Wednesday. The firm has a market cap of $1.35 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.21 and a beta of 1.26. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.65 and a current ratio of 2.65. Virtusa Co. has a 1 year low of $31.99 and a 1 year high of $57.00. The stock has a 50-day simple moving average of $40.33 and a 200-day simple moving average of $40.59.
Virtusa (NASDAQ:VRTU) last released its quarterly earnings results on Thursday, November 7th. The information technology services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.34 by $0.20. The firm had revenue of $328.50 million for the quarter, compared to analyst estimates of $327.07 million. Virtusa had a return on equity of 11.76% and a net margin of 2.63%. On average, equities research analysts predict that Virtusa Co. will post 2.06 EPS for the current year.
VRTU has been the topic of several research reports. Needham & Company LLC lowered shares of Virtusa from a “strong-buy” rating to a “buy” rating and cut their price target for the company from $50.00 to $48.00 in a report on Tuesday, September 10th. ValuEngine downgraded shares of Virtusa from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. TheStreet raised shares of Virtusa from a “c+” rating to a “b-” rating in a research report on Thursday, November 21st. BidaskClub raised shares of Virtusa from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, Barrington Research reissued a “buy” rating and issued a $60.00 target price on shares of Virtusa in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $53.50.
Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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