NASDAQ:VRTU - Virtusa Stock Price, Forecast & News

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

Virtusa Co. (NASDAQ:VRTU) announced its earnings results on Thursday, February, 6th. The information technology services provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters' 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $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 earnings per share (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 equities research analysts have issued twelve-month price targets for Virtusa's stock. Their forecasts range from $44.00 to $60.00. On average, they expect Virtusa's share price to reach $55.17 in the next year. This suggests a possible upside of 11.2% 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.

Headlines about VRTU stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Virtusa earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the information technology services provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Virtusa.

Virtusa saw a increase in short interest in the month of 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 days-to-cover ratio is presently 3.4 days. Currently, 2.8% of the company's shares are short sold. 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 many different of institutional and retail 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 $49.60.

Virtusa has a market capitalization of $1.48 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]