Virtusa (VRTU) Earning Somewhat Favorable Press Coverage, Study Finds

Media stories about Virtusa (NASDAQ:VRTU) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 44.4735549699046 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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A number of analysts have recently commented on VRTU shares. Maxim Group set a $59.00 price target on shares of Virtusa and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Virtusa from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, January 25th. Barrington Research set a $55.00 target price on shares of Virtusa and gave the company a “buy” rating in a research report on Tuesday, March 13th. Cantor Fitzgerald restated a “buy” rating and set a $60.00 target price (up from $52.00) on shares of Virtusa in a research report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Virtusa has a consensus rating of “Buy” and a consensus target price of $57.88.

NASDAQ:VRTU traded up $1.13 during trading hours on Tuesday, hitting $48.10. 128,498 shares of the stock traded hands, compared to its average volume of 216,978. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. Virtusa has a 1 year low of $25.72 and a 1 year high of $52.88. The company has a market capitalization of $1,426.16, a P/E ratio of 71.94, a P/E/G ratio of 2.44 and a beta of 1.27.

Virtusa (NASDAQ:VRTU) last issued its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business had revenue of $263.80 million for the quarter, compared to the consensus estimate of $259.81 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. sell-side analysts anticipate that Virtusa will post 1 earnings per share for the current fiscal year.

In other news, CEO Kris A. Canekeratne sold 12,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $47.70, for a total value of $572,400.00. Following the transaction, the chief executive officer now owns 541,491 shares of the company’s stock, valued at $25,829,120.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kris A. Canekeratne sold 10,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $45.06, for a total transaction of $450,600.00. Following the completion of the transaction, the chief executive officer now directly owns 559,491 shares in the company, valued at approximately $25,210,664.46. The disclosure for this sale can be found here. Insiders have sold 168,027 shares of company stock worth $8,216,497 in the last ninety days. 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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