Virtusa Co. (NASDAQ:VRTU)’s share price dropped 1.5% on Thursday . The company traded as low as $25.03 and last traded at $25.83, with a volume of 183,682 shares. The stock had previously closed at $26.23.

VRTU has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $40.00 target price on shares of Virtusa in a research note on Wednesday, July 6th. Maxim Group reissued a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of Virtusa in a research note on Wednesday, June 29th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price (down previously from $60.00) on shares of Virtusa in a research note on Tuesday, May 17th. Barrington Research reissued a “buy” rating and set a $50.00 target price on shares of Virtusa in a research note on Sunday, May 15th. Finally, Zacks Investment Research raised shares of Virtusa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.88.

The firm’s 50 day moving average is $25.40 and its 200-day moving average is $32.06. The company has a market capitalization of $782.87 million and a PE ratio of 27.65.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. During the same period in the prior year, the firm earned $0.48 EPS. The company earned $205.50 million during the quarter, compared to analysts’ expectations of $203.82 million. Virtusa’s quarterly revenue was up 52.4% on a year-over-year basis. On average, analysts predict that Virtusa Co. will post $1.63 EPS for the current year.

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

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

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