NASDAQ:VRTUVirtusa Stock Price, Forecast & News

$29.85

-2.46 (-7.61 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$29.60

Now: $29.85▼

$32.62

50-Day Range

$25.19

MA: $30.92▼

$35.19

52-Week Range

$19.48

Now: $29.85▼

$52.81

Volume288,976 shs

Average Volume302,715 shs

Market Capitalization$891.32 million

P/E Ratio21.47

Dividend YieldN/A

Beta1.38

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services. It also provides application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services. In addition, the company offers application maintenance and support, applications enhancement, and cloud-environment management and support; managed infrastructure, and remote application monitoring and support services; and IT efficiency improvement services. Further, it offers digital engineering and operational excellence services-based, and transformational solutions. The company serves communications and technology; banking, financial services, and insurance; and media and information industries. The company has collaboration agreements with Moxtra, Inc. to develop and deploy solutions for financial services firms, as well as the Banking Industry Architecture Network; and Indiana Biosciences Research Institute. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was founded in 1996 and is headquartered in Southborough, Massachusetts.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Virtusa has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.40, Virtusa has a potential upside of 42.0% from its current price of $29.85.
Amount of Analyst Coverage
Virtusa has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
Virtusa has received 460 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Virtusa has received 328 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Virtusa has received 58.38% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Virtusa and other stocks. Vote “Outperform” if you believe VRTU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe VRTU will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Virtusa does not currently pay a dividend.
Dividend Growth
Virtusa does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Virtusa insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $128,400.00 in company stock.
Percentage Held by Insiders
Only 4.73% of the stock of Virtusa is held by insiders.
Percentage Held by Institutions
88.87% of the stock of Virtusa is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Virtusa are expected to grow by 21.85% in the coming year, from $1.51 to $1.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Virtusa is 21.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Virtusa is 21.47, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.23.
Price to Earnings Growth Ratio
Virtusa has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Virtusa has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.01 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Custom computer programming services

Sub-IndustryIT Consulting & Other Services

SectorComputer and Technology

Current SymbolNASDAQ:VRTU

Previous Symbol

CUSIP92827P10

CIK1207074

Webwww.virtusa.com

Phone508-389-7300

Debt

Debt-to-Equity Ratio1.31

Current Ratio2.70

Quick Ratio2.71

Price-To-Earnings

Trailing P/E Ratio21.47

Forward P/E Ratio19.77

P/E Growth1.53

Sales & Book Value

Annual Sales$1.31 billion

Price / Sales0.68

Cash Flow$2.88 per share

Price / Cash Flow10.35

Book Value$13.31 per share

Price / Book2.24

Profitability

EPS (Most Recent Fiscal Year)$1.73

Net Income$47.90 million

Net Margins3.65%

Return on Equity14.38%

Return on Assets4.71%

Miscellaneous

Employees21,745

Outstanding Shares29,860,000

Market Cap$891.32 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Virtusa (NASDAQ:VRTU) Frequently Asked Questions

How has Virtusa's stock been impacted by COVID-19 (Coronavirus)?

Virtusa's stock was trading at $37.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VRTU shares have decreased by 20.9% and is now trading at $29.85. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Virtusa?

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.

When is Virtusa's next earnings date?

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

How were Virtusa's earnings last quarter?

Virtusa Co. (NASDAQ:VRTU) issued its quarterly earnings results on Wednesday, May, 13th. The information technology services provider reported $0.41 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 net margin of 3.65% and a return on equity of 14.38%. View Virtusa's earnings history.

What price target have analysts set for VRTU?

7 brokers have issued 1-year price targets for Virtusa's stock. Their forecasts range from $35.00 to $55.00. On average, they expect Virtusa's share price to reach $42.40 in the next year. This suggests a possible upside of 42.0% from the stock's current price. View analysts' price targets for Virtusa.

Has Virtusa been receiving favorable news coverage?

Headlines about VRTU stock have trended very negative recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. 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 sentiment score of -3.4 on InfoTrie's scale. They also gave news coverage about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutVirtusa.

Are investors shorting Virtusa?

Virtusa saw a decrease in short interest in the month of 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. Currently, 3.1% of the shares of the stock are sold short. View Virtusa's Current Options Chain.

Who are some of Virtusa's key competitors?

Some companies that are related to Virtusa include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), Leidos (LDOS), EPAM Systems (EPAM), 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). View all competitors.

What other stocks do shareholders of Virtusa own?

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).

Who are Virtusa's key executives?

Virtusa's management team includes the following people:

Mr. Krishan Aruna Canekeratne, Co-Founder, Chairman & CEO (Age 53)
Mr. Samir Dhir, Pres (Age 48)
Mr. Ranjan Kalia, Exec. VP of Fin., CFO, Treasurer & Sec. (Age 58)
Mr. Thomas R. Holler, Exec. VP & Chief Strategy Officer (Age 56)
Mr. John Gillis, Co-Founder and Exec. VP of Client Services & Bus. Devel.

What is Virtusa's stock symbol?

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

Who are Virtusa's major shareholders?

Virtusa's stock is owned by a number of institutional and retail investors. Top institutional investors 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.

Which institutional investors are selling Virtusa stock?

VRTU stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Public Employees Retirement Association of Colorado, BlackRock Inc., Rothschild & Co. Asset Management US Inc., JPMorgan Chase & Co., GW&K Investment Management LLC, Citigroup Inc., and Healthcare of Ontario Pension Plan Trust 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.

Which institutional investors are buying Virtusa stock?

VRTU stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, 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, and Balyasny Asset Management LLC. View insider buying and selling activity for Virtusa.

How do I buy shares of 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.

What is Virtusa's stock price today?

One share of VRTU stock can currently be purchased for approximately $29.85.

How big of a company is Virtusa?

Virtusa has a market capitalization of $891.35 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.

What is Virtusa's official website?

The official website for Virtusa is www.virtusa.com.

How can I contact Virtusa?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff