NASDAQ:VRTU - Virtusa Stock Price, News & Analysis

$39.57
-0.06 (-0.15 %)
(As of 09/17/2019 04:42 AM ET)
Today's Range
$39.30
Now: $39.57
$40.32
50-Day Range
$32.49
MA: $38.44
$46.68
52-Week Range
$31.99
Now: $39.57
$58.60
Volume205,600 shs
Average Volume161,636 shs
Market Capitalization$1.20 billion
P/E Ratio27.10
Dividend YieldN/A
Beta1.2
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. Read More…

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$1.25 billion
Cash Flow$2.5812 per share
Book Value$13.06 per share

Profitability

Net Income$16.15 million

Miscellaneous

Employees21,745
Market Cap$1.20 billion
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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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 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.01. The information technology services provider earned $319 million during the quarter, compared to analyst estimates of $317.59 million. Virtusa had a return on equity of 11.67% and a net margin of 2.23%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. View Virtusa's Earnings History.

When is Virtusa's next earnings date?

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

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 brokers have issued twelve-month price targets for Virtusa's shares. Their predictions range from $48.00 to $60.00. On average, they anticipate Virtusa's stock price to reach $55.20 in the next year. This suggests a possible upside of 39.5% 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 5 buy ratings 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. " (9/13/2019)
  • 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)

Has Virtusa been receiving favorable news coverage?

Press coverage about VRTU stock has been trending somewhat positive recently, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. 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 daily sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the information technology services provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Virtusa.

Are investors shorting Virtusa?

Virtusa saw a decrease in short interest in the month of August. As of August 31st, there was short interest totalling 395,600 shares, a decrease of 15.9% from the July 31st total of 470,600 shares. Based on an average trading volume of 181,700 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.4% of the company's shares are sold short. View Virtusa's Current Options Chain.

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), NVIDIA (NVDA), Endologix (ELGX), Micron Technology (MU), Alibaba Group (BABA), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), United Rentals (URI) and AbbVie (ABBV).

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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.59%), 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 and William K O'brien. View Institutional Ownership Trends for Virtusa.

Which institutional 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 institutional 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, Robinhood, Fidelity and Charles Schwab.

What is Virtusa's stock price today?

One share of VRTU stock can currently be purchased for approximately $39.57.

How big of a company is Virtusa?

Virtusa has a market capitalization of $1.20 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?

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:  3.0 out of 5 (star star star)
Outperform Votes:  408 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  684
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 9/17/2019 by MarketBeat.com Staff

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