Virtusa Corporation Company Profile (NASDAQ:VRTU)

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

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

Virtusa Corporation (NASDAQ:VRTU) posted its quarterly earnings results on Tuesday, May, 16th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.02. The firm had revenue of $226 million for the quarter, compared to the consensus estimate of $226.67 million. Virtusa Corporation had a net margin of 1.38% and a return on equity of 3.50%. The company's quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. View Virtusa Corporation's Earnings History.

Virtusa Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, August, 9th 2017. View Earnings Estimates for Virtusa Corporation.

Virtusa Corporation issued an update on its FY18 earnings guidance on Tuesday, May, 16th. The company provided earnings per share (EPS) guidance of $1.42-1.66 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $920-950 million, compared to the consensus revenue estimate of $934.21 million.Virtusa Corporation also updated its Q1 guidance to $0.24-0.30 EPS.

7 brokers have issued 12 month price objectives for Virtusa Corporation's shares. Their forecasts range from $26.00 to $40.00. On average, they expect Virtusa Corporation's share price to reach $34.43 in the next year. View Analyst Ratings for Virtusa Corporation.

Here are some recent quotes from research analysts about Virtusa Corporation stock:

• 1. According to Zacks Investment Research, "Virtusa Corporation is a global information technology services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service. " (7/19/2017)
• 2. Maxim Group analysts commented, "VRTU posted 4Q:F17 adjusted EPS of $0.42, which was below our $0.44 estimate on higher visa-related costs and local hiring." (5/16/2017)
• 3. Cowen and Company analysts commented, "Large clients have stabilized and margin expansion plans are well within VRTU's control. Even industry average growth (conservative case) and moderate operating margin accretion provide adj EPS growth avg 30%+ over the next 2 years and we see further potential for upside (not modeled). Upgrade to Outperform; new PT $38." (3/24/2017)
• 4. Wedbush analysts commented, "We continue to believe that a combination of revenue/cost synergies from Polaris acquisition, improving execution and positive spending patterns at Fls will gradually expand margins while accelerating top line growth." (3/3/2017)
• 5. Needham & Company LLC analysts commented, "We hosted Ranjan Kalia, VRTU's CFO, in Chicago and came away from the meetings confident management is executing well on its strategy to improve organic growth and drive margin expansion. With client-specific headwinds largely behind the company, improved pace of project ramps at customers, and strong pipeline trends we believe VRTU can deliver strong sequential growth in the upcoming 4Q and return to above-industry organic growth in FY18. At the same time, we believe ongoing restructuring efforts to drive operating efficiencies, higher utilization, and SG&A leverage can lead to strong margin expansion over the NT and MT. Based on our increased confidence in the revenue growth and margin expansion trends, we are raising our target to $38 and reiterating our BUY rating." (3/1/2017)

Some companies that are related to Virtusa Corporation include Inovalon Holdings (INOV), TeleTech Holdings (TTEC), Imperva (IMPV), Baozun (BZUN), ManTech International Corporation (MANT), Globant S.A. (GLOB), Insight Enterprises (NSIT), Sykes Enterprises, Incorporated (SYKE), CSG Systems International (CSGS), Syntel (SYNT), AVEVA Group plc (AVV), Presidio (PSDO), Endurance International Group Holdings (EIGI), Evertec (EVTC), Web.com Group (WEB), Barracuda Networks (CUDA), ePlus inc. (PLUS) and Quality Systems (QSII).

Virtusa Corporation's management team includes the folowing people:

• Krishan A. Canekeratne, Chairman of the Board, Chief Executive Officer
• Raj Rajgopal, President -Enterprise Transformation Services
• Ranjan Kalia, Chief Financial Officer, Executive Vice President, Treasurer, Secretary
• Samir Dhir, President - Banking and Financial Services
• Roger Keith Modder, Chief Operating Officer, Executive Vice President
• Thomas R. Holler, Chief Strategy Officer, Executive Vice President
• Christina Pauline Beulah, Secretary, compliance officer
• Vikram S. Pandit, Director
• Izhar Armony, Independent Director
• Robert E. Davoli, Independent Director

Virtusa Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include OROGEN VIPER LLC (9.10%), OROGEN VIPER LLC (8.60%), Vaughan Nelson Investment Management L.P. (2.95%), AMI Asset Management Corp (1.05%), Summit Creek Advisors LLC (0.87%) and Hartwell J M Limited Partnership (0.36%). Company insiders that own Virtusa Corporation stock include Kris A Canekeratne, Raj Rajgopal, Ranjan Kalia, Robert E Davoli, Roger Keith Modder, Ronald T Maheu, Rowland T Moriarty and Thomas R Holler. View Institutional Ownership Trends for Virtusa Corporation.

Virtusa Corporation's stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Summit Creek Advisors LLC, Hartwell J M Limited Partnership and Capstone Asset Management Co.. Company insiders that have sold Virtusa Corporation stock in the last year include Kris A Canekeratne, Ranjan Kalia, Roger Keith Modder, Ronald T Maheu and Thomas R Holler. View Insider Buying and Selling for Virtusa Corporation.

Virtusa Corporation's stock was acquired by a variety of institutional investors in the last quarter, including AMI Asset Management Corp, Legato Capital Management LLC, Kirr Marbach & Co. LLC IN, State of Alaska Department of Revenue, US Bancorp DE, Louisiana State Employees Retirement System and Aperio Group LLC. View Insider Buying and Selling for Virtusa Corporation.

Shares of Virtusa Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Virtusa Corporation stock can currently be purchased for approximately $33.06.