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

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

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

Virtusa Co. (NASDAQ:VRTU) posted its quarterly earnings data on Tuesday, May, 15th. The information technology services provider reported $0.55 EPS 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 net margin of 0.12% and a return on equity of 5.94%. The business's revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. 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 updated 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 EPS 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 price objectives for Virtusa's shares. Their forecasts range from $52.00 to $65.00. On average, they expect Virtusa's stock price to reach $58.7143 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View Analyst Ratings for Virtusa.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."

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

News headlines about VRTU stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virtusa earned a media sentiment score of 0.07 on Accern's scale. They also assigned news articles about the information technology services provider an impact score of 46.19 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Virtusa's stock is owned by many different of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (0.44%), Bank of Montreal Can (0.18%), Hartwell J M Limited Partnership (0.07%), Municipal Employees Retirement System of Michigan (0.03%) and Amalgamated Bank (0.02%). 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 Hartwell J M Limited Partnership, Summit Creek Advisors LLC and Municipal Employees Retirement System of Michigan. 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 Bank of Montreal Can and Amalgamated Bank. 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 $54.13.

Virtusa has a market capitalization of $1.61 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]