Shares of Virtusa Corp. (NASDAQ:VRTU) saw unusually-strong trading volume on Wednesday . Approximately 342,886 shares traded hands during trading, an increase of 60% from the previous session’s volume of 214,935 shares.The stock last traded at $21.57 and had previously closed at $21.39.

Several research analysts have commented on VRTU shares. Zacks Investment Research raised shares of Virtusa Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 19th. TheStreet downgraded shares of Virtusa Corp. from a “buy” rating to a “hold” rating in a report on Monday. Maxim Group reissued a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Virtusa Corp. in a report on Wednesday, June 29th. Cantor Fitzgerald reissued a “buy” rating on shares of Virtusa Corp. in a report on Monday, May 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective (down previously from $60.00) on shares of Virtusa Corp. in a report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Virtusa Corp. currently has a consensus rating of “Hold” and a consensus price target of $40.88.

The stock’s 50 day moving average is $26.65 and its 200 day moving average is $33.18. The firm has a market cap of $640.39 million and a PE ratio of 22.62.

Virtusa Corp. (NASDAQ:VRTU) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm earned $205.50 million during the quarter, compared to analysts’ expectations of $203.82 million. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. On average, equities analysts anticipate that Virtusa Corp. will post $1.63 earnings per share for the current fiscal year.

In other news, Director Rowland T. Moriarty acquired 15,000 shares of the business’s stock in a transaction on Thursday, June 9th. The stock was bought at an average price of $34.57 per share, with a total value of $518,550.00. Following the completion of the acquisition, the director now owns 80,003 shares of the company’s stock, valued at $2,765,703.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rowland T. Moriarty acquired 15,500 shares of the business’s stock in a transaction on Friday, June 10th. The stock was purchased at an average cost of $33.81 per share, with a total value of $524,055.00. Following the acquisition, the director now directly owns 94,303 shares of the company’s stock, valued at approximately $3,188,384.43. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Virtusa Corp. by 0.9% in the fourth quarter. Comerica Bank now owns 27,622 shares of the company’s stock worth $1,102,000 after buying an additional 236 shares during the last quarter. Rhumbline Advisers boosted its position in Virtusa Corp. by 9.4% in the fourth quarter. Rhumbline Advisers now owns 33,490 shares of the company’s stock worth $1,384,000 after buying an additional 2,875 shares during the last quarter. Trexquant Investment LP purchased a new position in Virtusa Corp. during the fourth quarter worth $1,639,000. Mutual of America Capital Management LLC boosted 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 worth $1,802,000 after buying an additional 259 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Virtusa Corp. by 16.8% in the fourth quarter. California Public Employees Retirement System now owns 67,600 shares of the company’s stock worth $2,795,000 after buying an additional 9,700 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.

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.