News headlines about Virtusa (NASDAQ:VRTU) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtusa earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the information technology services provider an impact score of 45.2533504960839 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Virtusa (VRTU) Rating Reiterated by Cantor Fitzgerald (americanbankingnews.com)
- Virtusa (VRTU) PT Set at $55.00 by Barrington Research (americanbankingnews.com)
- Virtusa (VRTU) PT Raised to $60.00 (americanbankingnews.com)
- Virtusa Expands Digital Engineering Capabilities with the Acquisition of eTouch (finance.yahoo.com)
- Virtusa Recognized in Gartner Market Guide for Data Science and Machine Learning Service Providers (finance.yahoo.com)
Virtusa (VRTU) traded up $0.01 during mid-day trading on Wednesday, reaching $51.51. 97,197 shares of the company were exchanged, compared to its average volume of 219,894. The company has a market capitalization of $1,485.61, a P/E ratio of 288.89, a P/E/G ratio of 2.55 and a beta of 1.35. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. Virtusa has a 12 month low of $25.72 and a 12 month high of $52.88.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Virtusa from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Barrington Research set a $55.00 price target on shares of Virtusa and gave the company a “buy” rating in a research report on Tuesday. Maxim Group upped their target price on shares of Virtusa to $64.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $60.00 target price (up from $52.00) on shares of Virtusa in a research report on Tuesday. Finally, Wedbush boosted their price target on shares of Virtusa from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $56.63.
In other Virtusa news, CEO Kris A. Canekeratne sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $51.22, for a total value of $614,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Raj Rajgopal sold 4,025 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $44.35, for a total transaction of $178,508.75. Following the completion of the transaction, the insider now owns 98,576 shares in the company, valued at $4,371,845.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,075 shares of company stock worth $3,968,466. Corporate insiders own 5.96% of the company’s stock.
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.
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