Shares of Virtusa Corp. (NASDAQ:VRTU) were up 1.8% during trading on Wednesday . The stock traded as high as $28.90 and last traded at $28.87, with a volume of 58,063 shares traded. The stock had previously closed at $28.36.

Several analysts have commented on VRTU shares. Zacks Investment Research lowered shares of Virtusa Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Maxim Group lowered their price target on shares of Virtusa Corp. from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, April 22nd. Barrington Research reissued a “buy” rating and issued a $50.00 price target on shares of Virtusa Corp. in a research report on Sunday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target (down previously from $60.00) on shares of Virtusa Corp. in a research report on Tuesday, May 17th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Virtusa Corp. in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.78.

The firm has a 50 day moving average price of $32.12 and a 200-day moving average price of $35.97. The stock has a market cap of $857.93 million and a price-to-earnings ratio of 19.2418.

Virtusa Corp. (NASDAQ:VRTU) last released its quarterly earnings data on Monday, May 16th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.11. The company had revenue of $171.90 million for the quarter, compared to the consensus estimate of $171.42 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s quarterly revenue was up 36.3% on a year-over-year basis. On average, equities research analysts forecast that Virtusa Corp. will post $2.08 earnings per share for the current fiscal year.

In related news, CEO Kris A. Canekeratne sold 4,000 shares of the business’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $37.19, for a total value of $148,760.00. Following the sale, the chief executive officer now owns 821,415 shares in the company, valued at $30,548,423.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kris A. Canekeratne sold 18,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $35.02, for a total transaction of $630,360.00. Following the completion of the sale, the chief executive officer now owns 813,414 shares in the company, valued at approximately $28,485,758.28. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in VRTU. Comerica Bank boosted its stake in shares of Virtusa Corp. by 0.9% in the fourth quarter. Comerica Bank now owns 27,622 shares of the company’s stock valued at $1,102,000 after buying an additional 236 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Virtusa Corp. by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 43,595 shares of the company’s stock valued at $1,802,000 after buying an additional 259 shares during the last quarter. California State Teachers Retirement System raised its position in Virtusa Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,948 shares of the company’s stock valued at $2,272,000 after buying an additional 900 shares during the last quarter. Principal Financial Group Inc. raised its position 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 during the last quarter. Finally, Rhumbline Advisers raised its position in Virtusa Corp. by 9.4% in the fourth quarter. Rhumbline Advisers now owns 33,490 shares of the company’s stock valued at $1,384,000 after buying an additional 2,875 shares during 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.

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