Virtusa (VRTU) Earning Somewhat Positive News Coverage, Study Shows

News stories about Virtusa (NASDAQ:VRTU) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtusa earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 45.2533504960839 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

NASDAQ:VRTU traded up $0.79 during trading hours on Thursday, reaching $48.46. The company’s stock had a trading volume of 153,187 shares, compared to its average volume of 219,669. The stock has a market capitalization of $1,398.20, a PE ratio of 269.22, a P/E/G ratio of 2.39 and a beta of 1.35. Virtusa has a one year low of $25.72 and a one year high of $52.88. 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 (NASDAQ:VRTU) last issued its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $263.80 million during the quarter, compared to analysts’ expectations of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. Virtusa’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. sell-side analysts forecast that Virtusa will post 1 earnings per share for the current fiscal year.

Several research firms have weighed in on VRTU. Wedbush cut shares of Virtusa from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $55.00 to $60.00 in a research report on Tuesday, March 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $60.00 price objective (up from $52.00) on shares of Virtusa in a research report on Tuesday, March 13th. Barrington Research set a $55.00 price target on shares of Virtusa and gave the company a “buy” rating in a report on Tuesday, March 13th. Maxim Group boosted their price target on shares of Virtusa to $64.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Needham & Company LLC boosted their price target on shares of Virtusa to $65.00 and gave the company a “buy” rating in a report on Thursday, March 15th. One 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. The stock presently has an average rating of “Buy” and an average price target of $57.88.

In other news, insider Raj Rajgopal sold 4,025 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were 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 of the company’s stock, valued at $4,371,845.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kris A. Canekeratne sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were 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. In the last three months, insiders have sold 168,027 shares of company stock valued at $8,204,664. Company insiders own 5.96% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Virtusa (NASDAQ:VRTU)

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