NASDAQ:VRTU - Virtusa Stock Price, News, & Analysis

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$50.75 +0.14 (+0.28 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$50.61
Today's Range$50.54 - $51.15
52-Week Range$37.80 - $58.60
Volume58,900 shs
Average Volume115,725 shs
Market Capitalization$1.52 billion
P/E Ratio57.02
Dividend YieldN/A
Beta1.05
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. It also provides application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services. In addition, the company offers application maintenance and support, applications enhancement, and cloud-environment management and support; managed infrastructure, and remote application monitoring and support services; and IT efficiency improvement services. Further, it offers digital engineering and operational excellence services-based, and transformational solutions. The company serves communications and technology; banking, financial services, and insurance; and media and information industries. The company has collaboration agreements with Moxtra, Inc. to develop and deploy solutions for financial services firms, as well as the Banking Industry Architecture Network; and Indiana Biosciences Research Institute. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was founded in 1996 and is headquartered in Southborough, Massachusetts.

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Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
SectorComputer and Technology
Current SymbolNASDAQ:VRTU
CUSIP92827P10
Phone508-389-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.02 billion
Cash Flow$1.9216 per share
Book Value$12.73 per share

Profitability

Net Income$1.25 million

Miscellaneous

Employees20,491
Market Cap$1.52 billion
Next Earnings Date5/21/2019 (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 will Virtusa's stock buyback program work?

Virtusa declared that its board has authorized a share repurchase program on Sunday, June 4th 2017, which permits the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

How were Virtusa's earnings last quarter?

Virtusa Co. (NASDAQ:VRTU) issued its quarterly earnings results on Thursday, February, 7th. The information technology services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.19. The information technology services provider earned $314.68 million during the quarter, compared to the consensus estimate of $313.32 million. Virtusa had a net margin of 0.89% and a return on equity of 11.39%. The business's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. View Virtusa's Earnings History.

When is Virtusa's next earnings date?

Virtusa is scheduled to release their next quarterly earnings announcement on Tuesday, May 21st 2019. View Earnings Estimates for Virtusa.

What guidance has Virtusa issued on next quarter's earnings?

Virtusa issued an update on its fourth quarter earnings guidance on Thursday, February, 7th. The company provided earnings per share (EPS) guidance of $0.59-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $326-334 million, compared to the consensus revenue estimate of $332.13 million.Virtusa also updated its FY 2019 guidance to $2.25-2.31 EPS.

What price target have analysts set for VRTU?

6 brokerages have issued twelve-month price targets for Virtusa's stock. Their forecasts range from $52.00 to $70.00. On average, they anticipate Virtusa's stock price to reach $63.3333 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price. View Analyst Price Targets for Virtusa.

What is the consensus analysts' recommendation 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, 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. " (2/14/2019)
  • 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 stories about VRTU stock have been trending positive on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Virtusa earned a news sentiment score of 2.7 on InfoTrie's scale. They also assigned media headlines about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of Virtusa's key competitors?

What other stocks do shareholders of Virtusa own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtusa investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Energy Transfer LP Unit (ET), Micron Technology (MU), Och-Ziff Capital Management Group (OZM), NVIDIA (NVDA) and YY (YY).

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. Raj Rajgopal, Pres of Digital Bus. Strategy (Age 59)

Who are Virtusa's major shareholders?

Virtusa's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.23%), Dimensional Fund Advisors LP (5.19%), Thrivent Financial for Lutherans (3.34%), Northern Trust Corp (2.21%), GW&K Investment Management LLC (1.90%) and Bank of New York Mellon Corp (1.12%). 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, 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 Dimensional Fund Advisors LP, PNC Financial Services Group Inc., Millennium Management LLC, Zacks Investment Management, State Board of Administration of Florida Retirement System, Skyline Asset Management LP, Bank of New York Mellon Corp and Barclays PLC. Company insiders that have sold Virtusa company stock in the last year include 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 Insider Buying and Selling for Virtusa.

Which major investors are buying Virtusa stock?

VRTU stock was purchased by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Hillcrest Asset Management LLC, Portolan Capital Management LLC, Monarch Partners Asset Management LLC, Thrivent Financial for Lutherans, Bank of America Corp DE, First Trust Advisors LP and Summit Creek Advisors LLC. 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 $50.75.

How big of a company is Virtusa?

Virtusa has a market capitalization of $1.52 billion and generates $1.02 billion in revenue each year. The information technology services provider earns $1.25 million in net income (profit) each year or $0.89 on an earnings per share basis. Virtusa employs 20,491 workers across the globe.

What is Virtusa's official website?

The official website for Virtusa is http://www.virtusa.com.

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)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  233 (Vote Underperform)
Total Votes:  601
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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