Virtusa Corp. (NASDAQ:VRTU) shares reached a new 52-week low on Tuesday . The company traded as low as $27.07 and last traded at $27.17, with a volume of 128,780 shares trading hands. The stock had previously closed at $27.88.

VRTU has been the topic of a number of analyst reports. Zacks Investment Research raised Virtusa Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Maxim Group reaffirmed a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Virtusa Corp. in a research note on Wednesday, June 29th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Virtusa Corp. in a research note on Monday, May 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective (down previously from $60.00) on shares of Virtusa Corp. in a research note on Tuesday, May 17th. Finally, Barrington Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Virtusa Corp. in a research note on Sunday, May 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.78.

The stock has a market cap of $811.84 million and a PE ratio of 18.21. The stock’s 50 day moving average is $31.58 and its 200-day moving average is $35.63.

Virtusa Corp. (NASDAQ:VRTU) last posted its earnings results on Monday, May 16th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. On average, analysts forecast that Virtusa Corp. will post $2.08 earnings per share for the current fiscal year.

In other Virtusa Corp. news, Director Rowland T. Moriarty acquired 15,000 shares of Virtusa Corp. stock in a transaction that occurred on Thursday, June 9th. The shares were bought at an average price of $34.57 per share, with a total value of $518,550.00. Following the completion of the purchase, the director now directly owns 80,003 shares in the company, valued at approximately $2,765,703.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Keith Modder sold 6,500 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $32.43, for a total transaction of $210,795.00. Following the completion of the sale, the chief operating officer now directly owns 175,422 shares in the company, valued at approximately $5,688,935.46. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. 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 boosted its stake in shares of 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 in the last quarter. California State Teachers Retirement System boosted its stake in shares of 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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, Rhumbline Advisers boosted its stake in shares of 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 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.

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