NASDAQ:VRTU - Virtusa Stock Price, Forecast & News

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

Virtusa Co. (NASDAQ:VRTU) posted its quarterly earnings results on Thursday, February, 6th. The information technology services provider reported $0.78 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.02. The information technology services provider had revenue of $335.11 million for the quarter, compared to the consensus estimate of $336.77 million. Virtusa had a return on equity of 13.31% and a net margin of 2.60%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business 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 updated its fourth quarter earnings guidance on Thursday, February, 6th. The company provided earnings per share guidance of $0.90-0.96 for the period, compared to the Thomson Reuters consensus EPS 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 brokerages have issued 1 year target prices for Virtusa's stock. 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 27.5% 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.

Media coverage about VRTU stock has trended very negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Virtusa earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Virtusa.

Virtusa saw a decrease in short interest in the month of February. As of February 14th, there was short interest totalling 710,600 shares, a decrease of 7.8% from the January 30th total of 770,900 shares. Based on an average daily volume of 236,400 shares, the short-interest ratio is presently 3.0 days. Approximately 2.6% of the shares of the 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 variety of of retail and institutional investors. Top institutional investors 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 acquired 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 $43.26.

Virtusa has a market capitalization of $1.29 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]