Raj Rajgopal Sells 4,025 Shares of Virtusa Co. (VRTU) Stock
Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.51, for a total transaction of $183,177.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Raj Rajgopal also recently made the following trade(s):
- On Friday, November 10th, Raj Rajgopal sold 14,025 shares of Virtusa stock. The shares were sold at an average price of $45.02, for a total transaction of $631,405.50.
- On Monday, October 2nd, Raj Rajgopal sold 4,025 shares of Virtusa stock. The shares were sold at an average price of $38.01, for a total transaction of $152,990.25.
Virtusa Co. (VRTU) opened at $45.24 on Wednesday. Virtusa Co. has a fifty-two week low of $21.98 and a fifty-two week high of $48.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market cap of $1,338.47, a price-to-earnings ratio of 51.79, a P/E/G ratio of 2.19 and a beta of 1.71.
Virtusa (NASDAQ:VRTU) last posted its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The firm had revenue of $248.20 million during the quarter, compared to analyst estimates of $237.48 million. During the same period last year, the firm posted $0.27 earnings per share. Virtusa’s revenue for the quarter was up 18.1% compared to the same quarter last year. research analysts predict that Virtusa Co. will post 1.04 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in shares of Virtusa by 14.4% in the second quarter. Citigroup Inc. now owns 29,400 shares of the information technology services provider’s stock valued at $864,000 after purchasing an additional 3,711 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Virtusa by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 213,010 shares of the information technology services provider’s stock valued at $6,263,000 after purchasing an additional 10,220 shares in the last quarter. Unterberg Capital LLC purchased a new position in shares of Virtusa in the second quarter valued at $2,940,000. Vanguard Group Inc. grew its holdings in shares of Virtusa by 6.1% in the second quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock valued at $60,964,000 after purchasing an additional 119,133 shares in the last quarter. Finally, Pier Capital LLC grew its holdings in shares of Virtusa by 14.5% in the second quarter. Pier Capital LLC now owns 206,518 shares of the information technology services provider’s stock valued at $6,072,000 after purchasing an additional 26,220 shares in the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on VRTU. Zacks Investment Research lowered shares of Virtusa from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Maxim Group reaffirmed a “hold” rating on shares of Virtusa in a report on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective (up from $38.00) on shares of Virtusa in a report on Saturday, August 19th. TheStreet raised shares of Virtusa from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $37.00 price objective on shares of Virtusa in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Virtusa has an average rating of “Buy” and a consensus target price of $45.00.
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Virtusa 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.
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