NASDAQ:VRTU - Virtusa Stock Price, Price Target & More

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

Virtusa announced that its board has authorized a share repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $30,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Virtusa (NASDAQ:VRTU) posted its quarterly earnings results on Tuesday, May, 15th. The information technology services provider reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The information technology services provider earned $281.30 million during the quarter, compared to analysts' expectations of $282.44 million. Virtusa had a return on equity of 5.94% and a net margin of 0.12%. Virtusa's revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. View Virtusa's Earnings History.

Virtusa is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Virtusa.

Virtusa updated its FY19 earnings guidance on Tuesday, May, 15th. The company provided earnings per share (EPS) guidance of $2.08-2.32 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $1.23-1.27 billion, compared to the consensus revenue estimate of $1.25 billion.Virtusa also updated its Q1 guidance to $0.45-0.51 EPS.

7 brokers have issued 1 year price targets for Virtusa's shares. Their forecasts range from $52.00 to $65.00. On average, they anticipate Virtusa's share price to reach $58.7143 in the next twelve months. View Analyst Ratings for Virtusa.

Some companies that are related to Virtusa include Gemalto (GTOMY), Sogou (SOGO), Zscaler (ZS), Syntel (SYNT), Callidus Software (CALD), Luxoft (LXFT), PROS (PRO), Monotype Imaging (TYPE), Perficient (PRFT), Glu Mobile (GLUU), Formula Systems (FORTY), Computer Programs and Systems (CPSI), PDF Solutions (PDFS), Synchronoss Technologies (SNCR) and AGM Group (AGMH).

Media coverage about VRTU stock has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virtusa earned a news impact score of 0.23 on Accern's scale. They also assigned press coverage about the information technology services provider an impact score of 46.64 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Virtusa's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (6.95%), Frontier Capital Management Co. LLC (3.37%), Thrivent Financial for Lutherans (3.08%), Northern Trust Corp (2.14%) and Skyline Asset Management LP (1.32%). 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, Thomas R Holler and Trust Martin. View Institutional Ownership Trends for Virtusa.

VRTU stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Skyline Asset Management LP, Mesirow Financial Investment Management Equity Management, FIL Ltd, Citadel Advisors LLC, Tiverton Asset Management LLC, Natixis Advisors L.P. and Russell Investments Group Ltd.. Company insiders that have sold Virtusa company stock in the last year include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, Roger Keith Modder, Thomas R Holler and Trust Martin. View Insider Buying and Selling for Virtusa.

VRTU stock was acquired by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, BlackRock Inc., Millennium Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Carillon Tower Advisers Inc., Hsbc Holdings PLC and Frontier Capital Management Co. 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, Scottrade, Fidelity and Charles Schwab.

One share of VRTU stock can currently be purchased for approximately $47.59.

Virtusa has a market capitalization of $1.40 billion and generates $1.02 billion in revenue each year. The information technology services provider earns $11.85 million in net income (profit) each year or $0.89 on an earnings per share basis. Virtusa employs 17,750 workers across the globe.

Virtusa's mailing address is 2000 WEST PARK DRIVE, WESTBOROUGH MA, 01581. The information technology services provider can be reached via phone at 508-389-7300 or via email at [email protected]