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.
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Industry, Sector and Symbol
Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
SectorComputer and Technology
Phone508-389-7300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.25 billion
Profitability
Miscellaneous
Employees21,745
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable
Virtusa (NASDAQ:VRTU) Frequently Asked Questions
What is Virtusa's stock symbol?
Virtusa trades on the NASDAQ under the ticker symbol "VRTU."
How were Virtusa's earnings last quarter?
Virtusa Co. (NASDAQ:VRTU) released its quarterly earnings results on Thursday, August, 8th. The information technology services provider reported $0.41 earnings per share 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 net margin of 2.23% and a return on equity of 11.67%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. View Virtusa's Earnings History.
When is Virtusa's next earnings date?
What guidance has Virtusa issued on next quarter's earnings?
Virtusa issued an update on its FY20 earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of $2.45-$2.65 for the period, compared to the Thomson Reuters consensus earnings per share 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.
What price target have analysts set for VRTU?
5 analysts have issued 1 year target prices for Virtusa's shares. Their forecasts range from $52.00 to $60.00. On average, they expect Virtusa's stock price to reach $57.60 in the next twelve months. This suggests a possible upside of 66.4% from the stock's current price. View Analyst Price Targets for Virtusa.
What is the consensus analysts' recommendation for Virtusa?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 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. " (8/17/2019)
- 2. Cantor Fitzgerald analysts commented, ". We maintain our Overweight rating on Virtusa and our 12- mo. PT of $62. The company posts organic growth rates (9% based on our estimate) above industry averages and is expanding margins. Virtusa performed slightly above expectations in the period and management tightened FY19 (ending March 2019) adjusted EPS guidance. We see reason for optimism as growth rates have improved along with margins." (2/8/2019)
- 3. Barrington Research analysts commented, "We expect Virtusa to release its fiscal Q3/19 earnings results on the market close. Subsequently, the company plans to hold a conference call at 5:00 pm ET. The dial‐in number for domestic callers is 877‐317‐6789 and the dial‐in number for international callers is 412‐317‐0088. The conference ID for both numbers is 10128278." (1/29/2019)
Has Virtusa been receiving favorable news coverage?
News headlines about VRTU stock have been trending negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Virtusa earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave media headlines 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 effect on the stock's share price in the near future. View News Stories for Virtusa.
Are investors shorting Virtusa?
Virtusa saw a drop in short interest in July. As of July 31st, there was short interest totalling 470,600 shares, a drop of 18.5% from the June 30th total of 577,100 shares. Based on an average daily trading volume, of 184,700 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.7% of the shares of the company are sold short. View Virtusa's Current Options Chain.
Who are some of Virtusa's key competitors?
Some companies that are related to Virtusa include PROS (PRO), Endava (DAVA), Sogou (SOGO), Perficient (PRFT), Formula Systems (1985) (FORTY), Monotype Imaging (TYPE), Glu Mobile (GLUU), Synchronoss Technologies (SNCR), PDF Solutions (PDFS), AGM Group (AGMH), Computer Programs & Systems (CPSI), Perion Network (PERI), Bright Mountain Media (BMTM), Innovative Solutions & Support (ISSC) and RealNetworks (RNWK).
What other stocks do shareholders of Virtusa own?
Who are Virtusa's key executives?
Virtusa's management team includes the folowing people:
- Mr. Krishan Aruna Canekeratne, Co-Founder, Chairman & CEO (Age 53)
- Mr. Samir Dhir, Pres (Age 48)
- Mr. Ranjan Kalia, Exec. VP of Fin., CFO, Treasurer & Sec. (Age 58)
- Mr. Thomas R. Holler, Exec. VP & Chief Strategy Officer (Age 56)
- Mr. John Gillis, Co-Founder and Exec. VP of Client Services & Bus. Devel.
Who are Virtusa's major shareholders?
Virtusa's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.37%), Vanguard Group Inc. (7.42%), GW&K Investment Management LLC (2.42%), Renaissance Technologies LLC (1.36%), Northern Trust Corp (1.19%) and Nuveen Asset Management LLC (1.24%). 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, 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 Redwood Investments LLC, Summit Creek Advisors LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Marshall Wace LLP, Renaissance Technologies LLC, Bank of New York Mellon Corp and Mesirow Financial Investment Management Equity Management. 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 and Thomas R Holler. View Insider Buying and Selling for Virtusa.
Which major investors are buying Virtusa stock?
VRTU stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, GW&K Investment Management LLC, Morgan Stanley, AMI Asset Management Corp, BlackRock Inc., Monarch Partners Asset Management LLC, Scout Investments Inc. and Public Employees Retirement Association of Colorado. 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 $34.62.
How big of a company is Virtusa?
Virtusa has a market capitalization of $1.05 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.
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.
