Virtusa Stock Forecast, Price & News

Virtusa's stock was trading at $37.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VRTU shares have increased by 28.4% and is now trading at $48.50.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Virtusa.

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) announced its earnings results on Thursday, July, 30th. The information technology services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The information technology services provider earned $301.06 million during the quarter, compared to analysts' expectations 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 guidance of $0.50 to $0.56 for the period, compared to the Thomson Reuters consensus EPS 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.

8 brokerages have issued 12-month target prices for Virtusa's shares. Their forecasts range from $40.00 to $51.00. On average, they anticipate Virtusa's stock price to reach $45.80 in the next twelve months. This suggests that the stock has a possible downside of 5.6%.
View analysts' price targets for Virtusa.

Virtusa saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 813,900 shares, a decrease of 50.7% from the July 30th total of 1,650,000 shares. Based on an average trading volume of 275,500 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.9% of the shares of the stock 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), Booz Allen Hamilton (BAH), Gartner (IT), 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), NVIDIA (NVDA), AbbVie (ABBV), Micron Technology (MU), Energy Transfer LP Unit (ET), Endologix (ELGX), Accenture (ACN) and Alibaba Group (BABA).

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

Virtusa's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.32%), FMR LLC (4.37%), GW&K Investment Management LLC (2.93%), Thrivent Financial for Lutherans (2.45%), Frontier Capital Management Co. LLC (2.33%) and Assenagon Asset Management S.A. (2.05%). 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 Prudential Financial Inc., Thrivent Financial for Lutherans, Frontier Capital Management Co. LLC, FMR LLC, Vanguard Group Inc., Goldman Sachs Group Inc., GW&K Investment Management LLC, and Sei Investments Co.. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Skyline Asset Management LP, Cubist Systematic Strategies LLC, Wasatch Advisors Inc., Schonfeld Strategic Advisors LLC, Meitav Dash Investments Ltd., Jacobs Levy Equity Management Inc., and Quadrature Capital Ltd.
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 $48.50.

Virtusa has a market capitalization of $1.47 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]