Virtusa (VRTU) Receiving Somewhat Positive News Coverage, Study Finds

Media stories about Virtusa (NASDAQ:VRTU) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 44.7722684709375 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

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Shares of Virtusa stock opened at $48.46 on Friday. Virtusa has a fifty-two week low of $25.72 and a fifty-two week high of $52.88. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1,426.18, a price-to-earnings ratio of 72.33, a P/E/G ratio of 2.44 and a beta of 1.35.

Virtusa (NASDAQ:VRTU) last issued its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The firm had revenue of $263.80 million for the quarter, compared to analyst estimates of $259.81 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. equities analysts anticipate that Virtusa will post 1 EPS for the current fiscal year.

Several analysts recently issued reports on VRTU shares. Maxim Group set a $59.00 price target on shares of Virtusa and gave the stock a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Virtusa from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Thursday, January 25th. Barrington Research set a $55.00 price target on shares of Virtusa and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Cantor Fitzgerald restated a “buy” rating and issued a $60.00 target price (up previously from $52.00) on shares of Virtusa in a research report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $57.88.

In other news, insider Raj Rajgopal sold 4,025 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75. Following the completion of the transaction, the insider now owns 98,576 shares of the company’s stock, valued at $4,371,845.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas R. Holler sold 17,479 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $50.53, for a total transaction of $883,213.87. Following the transaction, the executive vice president now directly owns 38,189 shares of the company’s stock, valued at approximately $1,929,690.17. The disclosure for this sale can be found here. Insiders sold 168,027 shares of company stock worth $8,204,664 in the last 90 days. Company insiders own 5.96% of the company’s stock.

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About Virtusa

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 (NASDAQ:VRTU)

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