NASDAQ:VRTU - Virtusa Stock Price, Price Target & More

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

Virtusa announced that its Board of Directors has initiated a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback $30,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Virtusa Co. (NASDAQ:VRTU) released its earnings results on Tuesday, May, 15th. The information technology services provider reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The information technology services provider had revenue of $281.30 million for the quarter, compared to analyst estimates of $282.44 million. Virtusa had a return on equity of 5.94% and a net margin of 0.12%. The firm's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. View Virtusa's Earnings History.

Virtusa is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Virtusa.

Virtusa issued an update on its FY19 earnings guidance on Tuesday, May, 15th. The company provided earnings per share (EPS) guidance of $2.08-2.32 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $1.23-1.27 billion, compared to the consensus revenue estimate of $1.25 billion.Virtusa also updated its Q1 guidance to $0.45-0.51 EPS.

7 brokers have issued 1 year target prices for Virtusa's stock. Their forecasts range from $52.00 to $65.00. On average, they anticipate Virtusa's share price to reach $58.7143 in the next year. View Analyst Ratings for Virtusa.

Some companies that are related to Virtusa include GEMALTO NV/S (GTOMY), Zscaler (ZS), Syntel (SYNT), Callidus Software (CALD), Luxoft (LXFT), PROS (PRO), Perficient (PRFT), Monotype Imaging (TYPE), Glu Mobile (GLUU), AGM Group (AGMH), Formula Systems (1985) (FORTY), Computer Programs & Systems (CPSI), PDF Solutions (PDFS), Synchronoss Technologies (SNCR) and RealNetworks (RNWK).

News coverage about VRTU stock has trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a media sentiment score of 0.12 on Accern's scale. They also gave news headlines about the information technology services provider an impact score of 46.12 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Virtusa's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (6.95%), Frontier Capital Management Co. LLC (3.37%), Thrivent Financial for Lutherans (3.08%), Northern Trust Corp (2.14%) and Skyline Asset Management LP (1.32%). 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.

VRTU stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Skyline Asset Management LP, Mesirow Financial Investment Management Equity Management, FIL Ltd, Citadel Advisors LLC, Tiverton Asset Management LLC, Natixis Advisors L.P. and Russell Investments Group Ltd.. Company insiders that have sold Virtusa company stock in the last year include 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 Insider Buying and Selling for Virtusa.

VRTU stock was bought by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Redwood Investments LLC, BlackRock Inc., Millennium Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Carillon Tower Advisers Inc. and Hsbc Holdings PLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of VRTU stock can currently be purchased for approximately $49.89.

Virtusa has a market capitalization of $1.50 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.

Virtusa's mailing address is 2000 WEST PARK DRIVE, WESTBOROUGH MA, 01581. The information technology services provider can be reached via phone at 508-389-7300 or via email at [email protected]