Virtusa Corporation Company Profile (NASDAQ:VRTU)

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

Virtusa Corporation declared that its board has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Virtusa Corporation (NASDAQ:VRTU) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $224.46 million. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. View Virtusa Corporation's Earnings History.

Virtusa Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Virtusa Corporation.

Virtusa Corporation issued an update on its FY18 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $1.45-1.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54. The company issued revenue guidance of $940-960 million, compared to the consensus revenue estimate of $935.37 million.Virtusa Corporation also updated its Q2 guidance to $0.32-0.38 EPS.

7 equities research analysts have issued 12-month target prices for Virtusa Corporation's shares. Their predictions range from $32.00 to $43.00. On average, they expect Virtusa Corporation's stock price to reach $37.14 in the next year. View Analyst Ratings for Virtusa Corporation.

Here are some recent quotes from research analysts about Virtusa Corporation stock:

• 1. According to Zacks Investment Research, "Virtusa Corporation is a global information technology services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service. " (9/14/2017)
• 2. Cantor Fitzgerald analysts commented, "Foresi’s Take. Quarterly top-line results were above expectations, while earnings were just below our expectations primarily due to non-operating income line items. Management raised FY18 revenue guidance, with EPS projections tightened. Margins are expected to improve in FY18, but by slightly less than prior projections (+160 bps from +170 bps)." (8/11/2017)
• 3. Maxim Group analysts commented, "VRTU posted 4Q:F17 adjusted EPS of $0.42, which was below our $0.44 estimate on higher visa-related costs and local hiring." (5/16/2017)
• 4. Cowen and Company analysts commented, "Large clients have stabilized and margin expansion plans are well within VRTU's control. Even industry average growth (conservative case) and moderate operating margin accretion provide adj EPS growth avg 30%+ over the next 2 years and we see further potential for upside (not modeled). Upgrade to Outperform; new PT $38." (3/24/2017)
• 5. Wedbush analysts commented, "We continue to believe that a combination of revenue/cost synergies from Polaris acquisition, improving execution and positive spending patterns at Fls will gradually expand margins while accelerating top line growth." (3/3/2017)

Some companies that are related to Virtusa Corporation include Baozun (BZUN), Acxiom Corporation (ACXM), TeleTech Holdings (TTEC), ManTech International Corporation (MANT), Syntel (SYNT), AVEVA Group plc (AVV), Insight Enterprises (NSIT), Imperva (IMPV), Globant S.A. (GLOB), CSG Systems International (CSGS), Web.com Group (WEB), Barracuda Networks (CUDA), Evertec (EVTC), ePlus inc. (PLUS), Presidio (PSDO), Sykes Enterprises, Incorporated (SYKE), Computacenter plc (CCC) and Endurance International Group Holdings (EIGI).

Virtusa Corporation's management team includes the folowing people:

• Krishan A. Canekeratne, Chairman of the Board, Chief Executive Officer
• Ranjan Kalia, Chief Financial Officer, Executive Vice President, Treasurer, Secretary
• Samir Dhir, President - Virtusa
• Jitin Goyal, President - Banking and Financial Services
• Raj Rajgopal, President - Digital Business Strategy
• Roger Keith Modder, Chief Operating Officer, Executive Vice President
• Thomas R. Holler, Chief Strategy Officer, Executive Vice President
• Izhar Armony, Independent Director
• Robert E. Davoli, Independent Director
• Joseph G. Doody, Independent Director

Virtusa Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (14.95%), BlackRock Inc. (10.92%), Vanguard Group Inc. (6.88%), Dimensional Fund Advisors LP (6.24%), Frontier Capital Management Co. LLC (3.53%) and Thrivent Financial For Lutherans (3.40%). Company insiders that own Virtusa Corporation stock include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, Roger Keith Modder, Ronald T Maheu, Rowland T Moriarty, Thomas R Holler and Trust Martin. View Institutional Ownership Trends for Virtusa Corporation.

Virtusa Corporation's stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Vaughan Nelson Investment Management L.P., Mutual of America Capital Management LLC, Goldman Sachs Group Inc., BlackRock Inc., JPMorgan Chase & Co., Tiverton Asset Management LLC and NGAM Advisors L.P.. Company insiders that have sold Virtusa Corporation stock in the last year include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, Roger Keith Modder, Ronald T Maheu, Thomas R Holler and Trust Martin. View Insider Buying and Selling for Virtusa Corporation.

Virtusa Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Mesirow Financial Investment Management Equity Management, Frontier Capital Management Co. LLC, Northern Trust Corp, Vanguard Group Inc., Unterberg Capital LLC, Great Lakes Advisors LLC and AMI Asset Management Corp. View Insider Buying and Selling for Virtusa Corporation.

Shares of Virtusa Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Virtusa Corporation stock can currently be purchased for approximately $36.36.