Virtusa Corporation (NASDAQ:VRTU) Director Trust Martin sold 3,080 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.55, for a total value of $109,494.00. Following the completion of the transaction, the director now owns 22,716 shares of the company’s stock, valued at $807,553.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Virtusa Corporation (NASDAQ VRTU) opened at 36.14 on Friday. The company has a market capitalization of $1.06 billion, a P/E ratio of 52.30 and a beta of 1.66. The stock’s 50 day moving average price is $34.41 and its 200-day moving average price is $31.01. Virtusa Corporation has a 12 month low of $18.03 and a 12 month high of $37.66.

Virtusa Corporation (NASDAQ:VRTU) last released its earnings results on Tuesday, August 8th. The information technology services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The company had revenue of $227.30 million during the quarter, compared to analyst estimates of $224.46 million. During the same quarter in the previous year, the company posted $0.18 EPS. Virtusa Corporation’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Virtusa Corporation will post $1.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Trust Martin Sells 3,080 Shares of Virtusa Corporation (VRTU) Stock” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/02/trust-martin-sells-3080-shares-of-virtusa-corporation-vrtu-stock.html.

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Virtusa Corporation by 10.3% in the second quarter. US Bancorp DE now owns 3,512 shares of the information technology services provider’s stock worth $103,000 after buying an additional 327 shares during the period. SG Americas Securities LLC bought a new stake in Virtusa Corporation during the second quarter worth $120,000. State of Alaska Department of Revenue raised its stake in Virtusa Corporation by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,470 shares of the information technology services provider’s stock worth $160,000 after buying an additional 2,430 shares during the period. BNP Paribas Arbitrage SA raised its stake in Virtusa Corporation by 9.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,166 shares of the information technology services provider’s stock worth $186,000 after buying an additional 522 shares during the period. Finally, Mason Street Advisors LLC raised its stake in Virtusa Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,445 shares of the information technology services provider’s stock worth $195,000 after buying an additional 422 shares during the period. 92.17% of the stock is owned by institutional investors.

Several research firms have commented on VRTU. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price (up from $38.00) on shares of Virtusa Corporation in a research report on Saturday, August 19th. Zacks Investment Research downgraded Virtusa Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Cantor Fitzgerald reiterated a “buy” rating and issued a $37.00 target price on shares of Virtusa Corporation in a research report on Friday, August 11th. Barrington Research increased their target price on Virtusa Corporation from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, Maxim Group reiterated a “hold” rating on shares of Virtusa Corporation in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.00.

Virtusa Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Virtusa Corporation (NASDAQ:VRTU)

Receive News & Ratings for Virtusa Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa Corporation and related companies with MarketBeat.com's FREE daily email newsletter.