Virtusa Corp. (NASDAQ:VRTU)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $27.20 and last traded at $27.63, with a volume of 59,766 shares. The stock had previously closed at $27.79.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Virtusa Corp. from a “sell” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, April 21st. Maxim Group cut their price objective on shares of Virtusa Corp. from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Barrington Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Virtusa Corp. in a report on Sunday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective (down previously from $60.00) on shares of Virtusa Corp. in a report on Tuesday, May 17th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Virtusa Corp. in a report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.78.

The firm has a market capitalization of $822.91 million and a price-to-earnings ratio of 18.46. The firm’s 50 day moving average price is $33.08 and its 200 day moving average price is $36.55.

Virtusa Corp. (NASDAQ:VRTU) last announced its quarterly earnings results on Monday, May 16th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. During the same quarter last year, the company earned $0.51 EPS. The business had revenue of $171.90 million for the quarter, compared to analyst estimates of $171.42 million. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. On average, analysts expect that Virtusa Corp. will post $2.13 earnings per share for the current year.

In related news, CEO Kris A. Canekeratne sold 6,000 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $37.15, for a total transaction of $222,900.00. Following the completion of the sale, the chief executive officer now directly owns 821,415 shares of the company’s stock, valued at approximately $30,515,567.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kris A. Canekeratne sold 4,000 shares of the company’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $37.19, for a total transaction of $148,760.00. Following the sale, the chief executive officer now directly owns 821,415 shares of the company’s stock, valued at $30,548,423.85. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of VRTU. Dimensional Fund Advisors LP increased its stake in Virtusa Corp. by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,913 shares of the company’s stock valued at $56,136,000 after buying an additional 32,711 shares in the last quarter. Trexquant Investment LP purchased a new stake in Virtusa Corp. during the fourth quarter valued at about $1,639,000. Fiduciary Management Associates LLC increased its stake in Virtusa Corp. by 41.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 528,579 shares of the company’s stock valued at $21,853,000 after buying an additional 154,050 shares in the last quarter. Principal Financial Group Inc. increased its stake in Virtusa Corp. by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 179,003 shares of the company’s stock valued at $7,400,000 after buying an additional 1,736 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Virtusa Corp. by 39.3% in the fourth quarter. Wells Fargo & Company MN now owns 77,372 shares of the company’s stock valued at $3,199,000 after buying an additional 21,831 shares in the last quarter.

Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.