Positive Press Coverage Somewhat Unlikely to Affect Virtusa (VRTU) Share Price

Media stories about Virtusa (NASDAQ:VRTU) have trended positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 44.9422222982172 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of NASDAQ:VRTU opened at $47.06 on Thursday. The stock has a market capitalization of $1,404.09, a P/E ratio of 70.24, a PEG ratio of 1.61 and a beta of 1.27. Virtusa has a fifty-two week low of $25.72 and a fifty-two week high of $52.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.24 and a current ratio of 4.24.

Virtusa (NASDAQ:VRTU) last issued its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $263.80 million for the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. Virtusa’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. research analysts expect that Virtusa will post 0.99 earnings per share for the current fiscal year.

VRTU has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Virtusa from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. BidaskClub upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Maxim Group restated a “hold” rating on shares of Virtusa in a research report on Monday. Cantor Fitzgerald restated a “buy” rating and issued a $60.00 price target (up from $52.00) on shares of Virtusa in a research report on Tuesday, March 13th. Finally, Barrington Research raised their price target on shares of Virtusa from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $57.88.

In related news, CEO Kris A. Canekeratne sold 3,000 shares of Virtusa stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $47.60, for a total value of $142,800.00. Following the sale, the chief executive officer now directly owns 497,827 shares in the company, valued at approximately $23,696,565.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kris A. Canekeratne sold 10,000 shares of Virtusa stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.51, for a total transaction of $475,100.00. Following the completion of the sale, the chief executive officer now owns 535,491 shares in the company, valued at $25,441,177.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,027 shares of company stock worth $6,782,317. 5.96% of the stock is currently owned by insiders.

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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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