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. Since then, VRTU shares have increased by 7.8% and is now trading at $40.70.
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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."
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Virtusa is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Virtusa.

Virtusa Co. (NASDAQ:VRTU) posted its earnings results on Thursday, July, 30th. The information technology services provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The information technology services provider earned $301.06 million during the quarter, compared to analyst estimates of $287.20 million. Virtusa had a net margin of 3.32% and a return on equity of 13.33%.
View Virtusa's earnings history.

Virtusa issued an update on its second quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of $0.50 to $0.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $311 million to $319 million, compared to the consensus revenue estimate of $299.46 million.

7 analysts have issued twelve-month price objectives for Virtusa's stock. Their forecasts range from $40.00 to $55.00. On average, they anticipate Virtusa's share price to reach $46.60 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Virtusa.

News coverage about VRTU stock has been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Virtusa earned a news impact score of 1.3 on InfoTrie's scale. They also gave news stories about the information technology services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Virtusa.

Virtusa saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,600,000 shares, an increase of 20.3% from the July 15th total of 1,330,000 shares. Based on an average daily volume of 296,100 shares, the short-interest ratio is currently 5.4 days. Currently, 5.8% of the shares of the company are sold short.
View Virtusa's Short Interest.

Some companies that are related to Virtusa include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Gartner (IT), Booz Allen Hamilton (BAH), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV).
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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 variety of retail and institutional investors. Top institutional investors include GW&K Investment Management LLC (2.93%), Frontier Capital Management Co. LLC (2.33%), Assenagon Asset Management S.A. (2.05%), Skyline Asset Management LP (0.80%), Principal Financial Group Inc. (0.79%) and Bridge City Capital LLC (0.27%). Company insiders that own Virtusa stock include Joseph Doody, Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Roger Keith Modder, 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 Frontier Capital Management Co. LLC, GW&K Investment Management LLC, Bridge City Capital LLC, State Board of Administration of Florida Retirement System, Russell Investments Group Ltd., P.A.W. Capital Corp, Mutual of America Capital Management LLC, and New York State Common Retirement Fund. 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 bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Skyline Asset Management LP, Leap Investments LP, Swiss National Bank, Envestnet Asset Management Inc., Arizona State Retirement System, UBS Group AG, and Comerica Bank.
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 $40.70.

Virtusa has a market capitalization of $1.23 billion 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 22,830 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]