Virtusa Co. (VRTU) CEO Sells $142,260.00 in Stock
Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $47.42, for a total value of $142,260.00. Following the sale, the chief executive officer now directly owns 485,827 shares of the company’s stock, valued at approximately $23,037,916.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of VRTU stock opened at $48.37 on Tuesday. Virtusa Co. has a 12 month low of $25.72 and a 12 month high of $52.88. The company has a market cap of $1,382.31, a PE ratio of 72.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24.
Virtusa (NASDAQ:VRTU) last issued its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Virtusa had a return on equity of 4.93% and a net margin of 0.92%. The company had revenue of $263.80 million during the quarter, compared to analyst estimates of $259.81 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. equities analysts anticipate that Virtusa Co. will post 0.99 earnings per share for the current fiscal year.
A number of brokerages have issued reports on VRTU. Zacks Investment Research raised Virtusa from a “sell” rating to a “hold” rating in a research report on Friday. Needham & Company LLC raised Virtusa from a “buy” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research report on Tuesday, April 10th. Wedbush raised Virtusa from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 4th. SunTrust Banks cut Virtusa from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Maxim Group upped their target price on Virtusa to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Virtusa presently has an average rating of “Buy” and a consensus target price of $57.88.
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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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