NASDAQ:VRTU - Virtusa Stock Price, Forecast & News

Virtusa trades on the NASDAQ under the ticker symbol "VRTU."

Virtusa Co. (NASDAQ:VRTU) announced its quarterly earnings results on Thursday, February, 6th. The information technology services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The information technology services provider had revenue of $335.11 million for the quarter, compared to analysts' expectations of $336.77 million. Virtusa had a net margin of 2.60% and a return on equity of 13.31%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. View Virtusa's Earnings History.

Virtusa is scheduled to release their next quarterly earnings announcement on Wednesday, May 20th 2020. View Earnings Estimates for Virtusa.

Virtusa issued an update on its fourth quarter earnings guidance on Thursday, February, 6th. The company provided EPS guidance of $0.90-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $353.4-361.4 million, compared to the consensus revenue estimate of $356.16 million.

6 brokers have issued twelve-month price targets for Virtusa's shares. Their forecasts range from $44.00 to $60.00. On average, they anticipate Virtusa's share price to reach $55.17 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View Analyst Price Targets for Virtusa.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Virtusa.

News articles about VRTU stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Virtusa earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the information technology services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Virtusa.

Virtusa saw a increase in short interest in January. As of January 31st, there was short interest totalling 770,900 shares, an increase of 6.1% from the January 15th total of 726,500 shares. Based on an average daily trading volume, of 229,300 shares, the short-interest ratio is presently 3.4 days. Currently, 2.8% of the company's stock are sold short. View Virtusa's Current Options Chain.

Some companies that are related to Virtusa include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), Leidos (LDOS), Gartner (IT), EPAM Systems (EPAM), Booz Allen Hamilton (BAH), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtusa investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Energy Transfer LP Unit (ET), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA) and United Rentals (URI).

Virtusa's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (5.01%), FIL Ltd (3.32%), GW&K Investment Management LLC (3.22%), Thrivent Financial for Lutherans (3.24%), State Street Corp (2.85%) and Hawk Ridge Capital Management LP (1.97%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, Rowland T Moriarty, Samir Dhir, Sundararajan Narayanan, Thomas R Holler and William K O'brien. View Institutional Ownership Trends for Virtusa.

VRTU stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Monarch Partners Asset Management LLC, GW&K Investment Management LLC, Renaissance Technologies LLC, AMI Asset Management Corp, Arizona State Retirement System, Bank of America Corp DE and Oxford Asset Management LLP. Company insiders that have sold Virtusa company stock in the last year include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, Samir Dhir, Sundararajan Narayanan, Thomas R Holler and William K O'brien. View Insider Buying and Selling for Virtusa.

VRTU stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Summit Creek Advisors LLC, Hawk Ridge Capital Management LP, Thrivent Financial for Lutherans, Bank of Montreal Can, Barrow Hanley Mewhinney & Strauss LLC, Great West Life Assurance Co. Can and Goldman Sachs Group Inc.. View Insider Buying and Selling for Virtusa.

Shares of VRTU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of VRTU stock can currently be purchased for approximately $49.33.

Virtusa has a market capitalization of $1.47 billion and generates $1.25 billion in revenue each year. The information technology services provider earns $16.15 million in net income (profit) each year or $1.46 on an earnings per share basis. Virtusa employs 21,745 workers across the globe.View Additional Information About Virtusa.

The official website for Virtusa is http://www.virtusa.com/.

Virtusa's mailing address is 132 TURNPIKE RD, SOUTHBOROUGH MA, 01772. The information technology services provider can be reached via phone at 508-389-7300 or via email at [email protected]