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NASDAQ:VRTU

Virtusa Stock Forecast, Price & News

$50.00
+0.05 (+0.10 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$49.92
Now: $50.00▼
$50.02
50-Day Range
$49.88
MA: $50.17▼
$50.45
52-Week Range
$19.48
Now: $50.00▼
$52.81
Volume63,066 shs
Average Volume370,759 shs
Market Capitalization$1.52 billion
P/E Ratio40.65
Dividend YieldN/A
Beta1.39
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services primarily in North America, Europe, and Asia. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business process management, application portfolio rationalization, and business/technology alignment analysis; digital transformation services, such as digital strategy user experience and design, application and platform engineering analytics, intelligent automation content and customer experience, and cyber security; and cloud transformation services comprising cloud strategy and migration, cloud native applications, and capex to opex models. It also provides application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, social media, and cloud engineering solutions; systems consolidation and rationalization, technology migration and porting, and Web-enablement of legacy applications; data management, business intelligence, reporting and decision support, master data management, data integration, big data analytics, data lake, and data on the cloud services; and software quality assurance and managed testing services. In addition, the company offers application enhancement, maintenance, and support, and cloud-environment management and support; managed infrastructure, and remote application monitoring and support services; and IT efficiency improvement services. Further, it offers digital engineering and operational excellence services-based, and transformational solutions. Virtusa Corporation serves communications and technology; banking, financial services, and insurance; and media and information industries. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was founded in 1996 and is headquartered in Southborough, Massachusetts.
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Beat the Market (BTM) Rank™

Analyst Opinion: 1.1Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.63 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
SectorComputer and Technology
Current SymbolNASDAQ:VRTU
Previous Symbol
CUSIP92827P10
CIK1207074
Webwww.virtusa.com
Phone508-389-7300
Employees22,716

Debt

Debt-to-Equity Ratio1.04
Current Ratio2.65
Quick Ratio2.65

Price-To-Earnings

Trailing P/E Ratio40.65
Forward P/E Ratio27.47
P/E Growth1.97

Sales & Book Value

Annual Sales$1.31 billion
Price / Sales1.15
Cash Flow$3.11 per share
Price / Cash Flow16.10
Book Value$13.31 per share
Price / Book3.76

Profitability

EPS (Most Recent Fiscal Year)$1.73
Net Income$47.90 million
Net Margins3.32%
Return on Equity13.33%
Return on Assets4.30%

Miscellaneous

Outstanding Shares30,310,000
Market Cap$1.52 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$50.00
+0.05 (+0.10 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Virtusa (NASDAQ:VRTU) Frequently Asked Questions

How has Virtusa's stock price been impacted by Coronavirus?

Virtusa's stock was trading at $37.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, VRTU shares have increased by 32.4% and is now trading at $50.00.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Virtusa?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Virtusa.

What stocks does MarketBeat like better than Virtusa?

Wall Street analysts have given Virtusa a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Virtusa wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Virtusa's next earnings date?

Virtusa is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Virtusa.

How were Virtusa's earnings last quarter?

Virtusa Co. (NASDAQ:VRTU) released its earnings results on Sunday, November, 8th. The information technology services provider reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. The information technology services provider had revenue of $317.19 million for the quarter, compared to analysts' expectations of $315.21 million. Virtusa had a net margin of 3.32% and a return on equity of 13.33%. Virtusa's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share.
View Virtusa's earnings history.

What price target have analysts set for VRTU?

8 brokers have issued 12 month price targets for Virtusa's stock. Their forecasts range from $40.00 to $51.00. On average, they expect Virtusa's stock price to reach $45.80 in the next year. This suggests that the stock has a possible downside of 8.4%.
View analysts' price targets for Virtusa.

Are investors shorting Virtusa?

Virtusa saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 767,500 shares, an increase of 64.0% from the September 30th total of 468,000 shares. Based on an average daily trading volume, of 550,100 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.7% of the shares of the company are sold short.
View Virtusa's Short Interest.

Who are some of Virtusa's key competitors?

Some companies that are related to Virtusa include Accenture (ACN), International Business Machines (IBM), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Gartner (IT), 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).
View all competitors.

What other stocks do shareholders of Virtusa own?

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

Who are Virtusa's key executives?

Virtusa's management team includes the following people:
  • Mr. Krishan Aruna Canekeratne, Co-Founder, Chairman & CEO (Age 54, Pay $525k)
  • Mr. Samir Dhir, Pres & Head of Americas (Age 49, Pay $410k)
  • Mr. Anuranjan Krishan Kalia, Exec. VP, CFO, Treasurer & Sec. (Age 59, Pay $410k)
  • Mr. Roger Keith Modder, Exec. VP, COO and MD of Europe, Middle East & AsiaPac (Age 56, Pay $418.7k)
  • Mr. Thomas R. Holler, Exec. VP & Chief Strategy Officer (Age 57, Pay $375k)
  • Mr. John Gillis, Co-Founder & Exec. VP
  • Mr. Paul D. Tutun, Exec. VP & Gen. Counsel
  • Ms. Kirsten Paragona, Global Head of Media Relations
  • Mr. Sundararajan Narayanan, Exec. VP & Chief People Officer (Age 45)
  • Mr. Jim Francis, Sr. Officer, Exec. VP and Head of Global Alliances & Strategic Deals

What is Virtusa's stock symbol?

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

Who are Virtusa's major shareholders?

Virtusa's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.04%), State Street Corp (3.37%), GW&K Investment Management LLC (3.01%), Morgan Stanley (1.34%), CNH Partners LLC (1.21%) and Charles Schwab Investment Management Inc. (0.78%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, Samir Dhir, Sundararajan Narayanan, Thomas R Holler and William K O'brien.
View institutional ownership trends for Virtusa.

Which major investors are selling Virtusa stock?

VRTU stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Assenagon Asset Management S.A., BlackRock Inc., Wells Fargo & Company MN, Summit Creek Advisors LLC, State Street Corp, Acadian Asset Management LLC, and Squarepoint Ops LLC. Company insiders that have sold Virtusa company stock in the last year include Kris A Canekeratne, Roger Keith Modder, and Samir Dhir.
View insider buying and selling activity for Virtusa.

Which major investors are buying Virtusa stock?

VRTU stock was purchased by a variety of institutional investors in the last quarter, including CNH Partners LLC, Alpine Associates Management Inc., Omni Partners LLP, Morgan Stanley, Paloma Partners Management Co, TIG Advisors LLC, GABELLI & Co INVESTMENT ADVISERS INC., and Gabelli Funds LLC.
View insider buying and selling activity for Virtusa.

How do I buy shares of 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.

What is Virtusa's stock price today?

One share of VRTU stock can currently be purchased for approximately $50.00.

How big of a company is Virtusa?

Virtusa has a market capitalization of $1.52 billion and generates $1.31 billion in revenue each year. The information technology services provider earns $47.90 million in net income (profit) each year or $1.73 on an earnings per share basis. Virtusa employs 22,716 workers across the globe.

What is Virtusa's official website?

The official website for Virtusa is www.virtusa.com.

How can I contact Virtusa?

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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff
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