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NASDAQ:VRTUVirtusa Stock Price, Forecast & News

$35.20
+1.89 (+5.67 %)
(As of 06/5/2020 04:00 PM ET)
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Compare
Today's Range
$34.50
Now: $35.20
$36.07
50-Day Range
$25.19
MA: $30.76
$35.19
52-Week Range
$19.48
Now: $35.20
$52.81
Volume16,746 shs
Average Volume327,405 shs
Market Capitalization$1.06 billion
P/E Ratio25.32
Dividend YieldN/A
Beta1.32
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.
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Virtusa logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.81 out of 5 stars


Industry, Sector and Symbol

Industry Custom computer programming services
Sub-IndustryIT Consulting & Other Services
Current SymbolNASDAQ:VRTU
CUSIP92827P10
Phone508-389-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.31 billion
Cash Flow$3.28 per share
Book Value$13.31 per share

Profitability

Net Income$47.90 million

Miscellaneous

Employees21,745
Market Cap$1.06 billion
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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, VRTU shares have decreased by 6.8% and is now trading at $35.20. 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) released its quarterly earnings results on Wednesday, May, 13th. The information technology services provider reported $0.41 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.56 by $0.15. The information technology services provider earned $329.65 million during the quarter, compared to analyst estimates of $329.97 million. Virtusa had a return on equity of 14.38% and a net margin of 3.65%. View Virtusa's earnings history.

What price target have analysts set for VRTU?

7 equities research analysts have issued 12 month price targets for Virtusa's shares. Their forecasts range from $35.00 to $55.00. On average, they anticipate Virtusa's share price to reach $42.40 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price. View analysts' price targets for Virtusa.

Has Virtusa been receiving favorable news coverage?

Media headlines about VRTU stock have trended very negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Virtusa earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave news articles about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutVirtusa.

Who are some of Virtusa's key 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 shareholders 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, 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 bought 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 $35.20.

How big of a company is Virtusa?

Virtusa has a market capitalization of $1.06 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 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 6/5/2020 by MarketBeat.com Staff

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