Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services. It also provides application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services. In addition, the company offers application maintenance and support, applications enhancement, 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. The company serves communications and technology; banking, financial services, and insurance; and media and information industries. The company has collaboration agreements with Moxtra, Inc. to develop and deploy solutions for financial services firms, as well as the Banking Industry Architecture Network; and Indiana Biosciences Research Institute. 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.
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
Phone508-389-7300
Debt
Debt-to-Equity Ratio0.88
Current Ratio2.44
Quick Ratio2.44
Price-To-Earnings
Trailing P/E Ratio43.25
Forward P/E Ratio24.80
P/E Growth1.28
Sales & Book Value
Annual Sales$1.02 billion
Price / Sales1.14
Cash Flow$1.8632 per share
Price / Cash Flow20.90
Book Value$14.82 per share
Price / Book2.63
Profitability
EPS (Most Recent Fiscal Year)$0.89
Net Income$1.25 million
Net Margins-1.04%
Return on Equity9.03%
Return on Assets3.78%
Miscellaneous
Employees20,491
Outstanding Shares29,910,000
Market Cap$1.21 billion
OptionableOptionable
Virtusa (NASDAQ:VRTU) Frequently Asked Questions
What is Virtusa's stock symbol?
Virtusa trades on the NASDAQ under the ticker symbol "VRTU."
How will Virtusa's stock buyback program work?
Virtusa declared that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which allows the company to repurchase $30,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
How were Virtusa's earnings last quarter?
Virtusa Co. (NASDAQ:VRTU) announced its quarterly earnings data on Thursday, November, 8th. The information technology services provider reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. The information technology services provider had revenue of $305.50 million for the quarter, compared to analyst estimates of $306.37 million. Virtusa had a negative net margin of 1.04% and a positive return on equity of 9.03%. The firm's quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. View Virtusa's Earnings History.
When is Virtusa's next earnings date?
What guidance has Virtusa issued on next quarter's earnings?
Virtusa updated its FY19 earnings guidance on Thursday, November, 8th. The company provided earnings per share (EPS) guidance of $2.19-2.31 for the period, compared to the Thomson Reuters consensus estimate of $2.27. The company issued revenue guidance of $1.241-1.259 billion, compared to the consensus revenue estimate of $1.25 billion.Virtusa also updated its FY 2019 guidance to $2.19-2.31 EPS.
What price target have analysts set for VRTU?
6 brokerages have issued 12-month target prices for Virtusa's shares. Their predictions range from $52.00 to $70.00. On average, they anticipate Virtusa's stock price to reach $63.3333 in the next year. This suggests a possible upside of 62.6% from the stock's current price. View Analyst Price Targets for Virtusa.
What is the consensus analysts' recommendation 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Virtusa.
What are Wall Street analysts saying about Virtusa stock?
Here are some recent quotes from research analysts about Virtusa stock:
- 1. According to Zacks Investment Research, "Virtusa Corporation is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment. The company also provides technology implementation services, such as application development, software product engineering. In addition, it offers application outsourcing services, such as the application maintenance and support, maintenance and enhancement of applications, and cloud-environment management and support; managed infrastructure services, and remote application monitoring and support; Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation. " (11/17/2018)
- 2. Barrington Research analysts commented, "We believe the company continues to gain share due to its relatively high exposure and strengths in digital solutions and legacy system m odernization services." (11/9/2018)
- 3. Cantor Fitzgerald analysts commented, ". We maintain our Overweight rating on Virtusa and our 12-mo. PT of $60 following meetings with management. The meetings focused on the recent acquisition (eTouch) and the outlook for the largest client. VRTU just completed a strong FY18 (ended March 2018) and is looking to continue the momentum. Virtusa saw strong performance in the BFSI (Banking, Financial Services & Insurance) vertical in FY18, including a new large contract at a large banking customer. We see reason for optimism as growth rates have improved along with margins." (5/29/2018)
Has Virtusa been receiving favorable news coverage?
News coverage about VRTU stock has been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Virtusa earned a news impact score of -2.4 on InfoTrie's scale. They also gave news articles about the information technology services provider a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future.
Who are some of Virtusa's key competitors?
Some companies that are related to Virtusa include Sogou (SOGO), Endava (DAVA), PROS (PRO), Glu Mobile (GLUU), Luxoft (LXFT), Perficient (PRFT), Monotype Imaging (TYPE), AGM Group (AGMH), Formula Systems (1985) (FORTY), Computer Programs & Systems (CPSI), PDF Solutions (PDFS), Synchronoss Technologies (SNCR), Bright Mountain Media (BMTM), RealNetworks (RNWK) and Perion Network (PERI).
Who are Virtusa's key executives?
Virtusa's management team includes the folowing people:
- Mr. Krishan Aruna Canekeratne, Co-Founder, Chairman & CEO (Age 52)
- Mr. Samir Dhir, Pres (Age 47)
- Mr. Ranjan Kalia, Exec. VP of Fin., CFO, Treasurer & Sec. (Age 57)
- Mr. Thomas R. Holler, Exec. VP & Chief Strategy Officer (Age 55)
- Mr. Raj Rajgopal, Pres of Digital Bus. Strategy (Age 58)
Who are Virtusa's major shareholders?
Virtusa's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.28%), FMR LLC (9.64%), Vanguard Group Inc. (7.86%), Vanguard Group Inc (7.86%), Dimensional Fund Advisors LP (5.65%) and Frontier Capital Management Co. LLC (3.50%). Company insiders that own Virtusa stock include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, Roger Keith Modder, Ronald T Maheu, Rowland T Moriarty, Samir Dhir, Sundararajan Narayanan, Thomas R Holler, Trust Martin 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 Alliancebernstein L.P., Dimensional Fund Advisors LP, Hsbc Holdings PLC, PNC Financial Services Group Inc., Mesirow Financial Investment Management Equity Management, JPMorgan Chase & Co., JPMorgan Chase & Co. and Hussman Strategic Advisors Inc.. Company insiders that have sold Virtusa company stock in the last year include 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 Insider Buying and Selling for Virtusa.
Which major investors are buying Virtusa stock?
VRTU stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, Frontier Capital Management Co. LLC, BlackRock Inc., Vanguard Group Inc, Vanguard Group Inc., Public Employees Retirement Association of Colorado and Loomis Sayles & Co. L P. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Virtusa's stock price today?
One share of VRTU stock can currently be purchased for approximately $38.94.
How big of a company is Virtusa?
Virtusa has a market capitalization of $1.21 billion and generates $1.02 billion in revenue each year. The information technology services provider earns $1.25 million in net income (profit) each year or $0.89 on an earnings per share basis. Virtusa employs 20,491 workers across the globe.
What is Virtusa's official website?
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]
MarketBeat Community Rating for Virtusa (NASDAQ VRTU)
MarketBeat's community ratings are surveys of what our community members think about Virtusa and other stocks. Vote "Outperform" if you believe VRTU will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VRTU will underperform the S&P 500 over the long term. You may vote once every thirty days.
