NASDAQ:VRTUVirtusa Stock Price, Forecast & News

Virtusa's stock was trading at $37.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VRTU stock has decreased by 27.3% and is now trading at $27.45. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Virtusa.

Virtusa is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Virtusa.

Virtusa Co. (NASDAQ:VRTU) announced its quarterly earnings results on Wednesday, May, 13th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.15. The information technology services provider had revenue of $329.65 million for the quarter, compared to analyst estimates of $329.97 million. Virtusa had a return on equity of 14.38% and a net margin of 3.65%. View Virtusa's earnings history.

7 brokers have issued twelve-month price targets for Virtusa's stock. Their forecasts range from $35.00 to $55.00. On average, they expect Virtusa's stock price to reach $42.40 in the next year. This suggests a possible upside of 54.5% from the stock's current price. View analysts' price targets for Virtusa.

Media stories about VRTU stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Virtusa earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave media stories about the information technology services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutVirtusa.

Virtusa saw a decrease in short interest in April. As of April 15th, there was short interest totaling 867,000 shares, a decrease of 9.0% from the March 31st total of 953,000 shares. Based on an average daily trading volume, of 238,900 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.1% of the shares of the stock are short sold. View Virtusa's Current Options Chain.

Some companies that are related to Virtusa include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), Leidos (LDOS), EPAM Systems (EPAM), Booz Allen Hamilton (BAH), Gartner (IT), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV). View all competitors.

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

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

Virtusa's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.64%), Granahan Investment Management Inc. MA (4.41%), Thrivent Financial for Lutherans (3.21%), State Street Corp (3.15%), GW&K Investment Management LLC (3.11%) and Frontier Capital Management Co. LLC (2.81%). Company insiders that own Virtusa stock include Joseph Doody, 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 institutional ownership trends for Virtusa.

VRTU stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, BlackRock Inc., Rothschild & Co. Asset Management US Inc., JPMorgan Chase & Co., GW&K Investment Management LLC, Citigroup Inc., Healthcare of Ontario Pension Plan Trust Fund, and Wasatch Advisors Inc.. Company insiders that have sold Virtusa company stock in the last year include Kris A Canekeratne, Ranjan Kalia, Roger Keith Modder, Samir Dhir, Sundararajan Narayanan, Thomas R Holler, and William K O'brien. View insider buying and selling activity for Virtusa.

VRTU stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Assenagon Asset Management S.A., State Street Corp, Mutual of America Capital Management LLC, Wells Fargo & Company MN, Bogle Investment Management L P DE, Balyasny Asset Management LLC, and Schroder Investment Management Group. View insider buying and selling activity 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 $27.45.

Virtusa has a market capitalization of $819.66 million and generates $1.31 billion in revenue each year. The information technology services provider earns $47.90 million in net income (profit) each year or $1.73 on an earnings per share basis. Virtusa employs 21,745 workers across the globe.

The official website for Virtusa is 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]