Virtusa Stock Price, News & Analysis (NASDAQ:VRTU)

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

Virtusa Co. (NASDAQ:VRTU) released its quarterly earnings data on Thursday, August, 8th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The information technology services provider had revenue of $319 million for the quarter, compared to analysts' expectations of $317.59 million. Virtusa had a return on equity of 11.67% and a net margin of 2.23%. Virtusa's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. View Virtusa's Earnings History.

Virtusa is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Virtusa.

Virtusa updated its FY20 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of $2.45-$2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.68. The company issued revenue guidance of $1.326-$1.354 billion, compared to the consensus revenue estimate of $1.37 billion.

6 brokers have issued 1-year target prices for Virtusa's shares. Their forecasts range from $48.00 to $60.00. On average, they anticipate Virtusa's share price to reach $54.00 in the next twelve months. This suggests a possible upside of 51.3% 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Virtusa.

News stories about VRTU stock have trended very negative this week, InfoTrie reports. The research group ranks the sentiment of 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 -5 to 5, with scores closest to five being the most favorable. Virtusa earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news headlines about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Virtusa.

Virtusa saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 550,200 shares, a decline of 11.8% from the August 15th total of 624,000 shares. Based on an average daily volume of 213,800 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.0% of the shares of the company are sold short. View Virtusa's Current Options Chain.

Some companies that are related to Virtusa include PROS (PRO), Sogou (SOGO), Endava (DAVA), Perficient (PRFT), Formula Systems (1985) (FORTY), Monotype Imaging (TYPE), Glu Mobile (GLUU), PDF Solutions (PDFS), AGM Group (AGMH), Computer Programs & Systems (CPSI), Synchronoss Technologies (SNCR), Perion Network (PERI), Bright Mountain Media (BMTM), Innovative Solutions & Support (ISSC) and Computer Task Group (CTG).

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

Virtusa's stock is owned by a number of of institutional and retail investors. Top institutional investors include Skyline Asset Management LP (0.60%), Scout Investments Inc. (0.48%), Gradient Investments LLC (0.09%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, 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 bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, State of Alaska Department of Revenue, Scout Investments Inc. and Gradient Investments LLC. 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 $35.70.

Virtusa has a market capitalization of $1.08 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]