A number of other equities analysts also recently commented on VRTU. William Blair downgraded Virtusa from an outperform rating to a market perform rating in a research note on Thursday, May 14th. Zacks Investment Research cut Virtusa from a hold rating to a sell rating in a report on Wednesday. Barrington Research reaffirmed a buy rating and set a $38.00 price target on shares of Virtusa in a report on Thursday, May 14th. Finally, Rosenblatt Securities cut Virtusa from a buy rating to a neutral rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Virtusa has a consensus rating of Hold and an average target price of $42.50.
Shares of VRTU stock opened at $40.60 on Thursday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average of $31.91 and a two-hundred day moving average of $35.10. Virtusa has a 52 week low of $19.48 and a 52 week high of $52.81. The company has a market cap of $1.07 billion, a P/E ratio of 33.01, a PEG ratio of 1.87 and a beta of 1.38.
Virtusa (NASDAQ:VRTU) last issued its earnings results on Thursday, July 30th. The information technology services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. Virtusa had a return on equity of 13.36% and a net margin of 3.32%. The company had revenue of $301.06 million during the quarter, compared to the consensus estimate of $287.20 million. Analysts expect that Virtusa will post 1.35 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in VRTU. Victory Capital Management Inc. raised its holdings in Virtusa by 33.4% during the fourth quarter. Victory Capital Management Inc. now owns 8,337 shares of the information technology services provider’s stock worth $378,000 after purchasing an additional 2,087 shares in the last quarter. UBS Group AG raised its holdings in Virtusa by 61.2% during the fourth quarter. UBS Group AG now owns 38,717 shares of the information technology services provider’s stock worth $1,755,000 after purchasing an additional 14,696 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Virtusa during the fourth quarter worth approximately $440,000. Goldman Sachs Group Inc. raised its holdings in Virtusa by 31.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 130,584 shares of the information technology services provider’s stock worth $5,919,000 after purchasing an additional 31,587 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Virtusa by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 332,947 shares of the information technology services provider’s stock worth $15,093,000 after purchasing an additional 6,625 shares in the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also: Should You Consider an Index Fund?
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.