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

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

Virtusa announced that its board has approved a share buyback plan on Sunday, June 4th 2017, which permits the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Virtusa Co. (NASDAQ:VRTU) released its earnings results on Tuesday, May, 15th. The information technology services provider reported $0.55 earnings per share 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 the consensus estimate of $282.44 million. Virtusa had a return on equity of 5.94% and a net margin of 0.12%. The firm's revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. 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 guidance of $2.08-2.32 for the period, compared to the Thomson Reuters consensus 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 equities research analysts have issued 12 month price targets for Virtusa's shares. Their predictions range from $52.00 to $65.00. On average, they anticipate Virtusa's stock price to reach $58.7143 in the next year. View Analyst Ratings for Virtusa.

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

Headlines about VRTU stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virtusa earned a coverage optimism score of 0.12 on Accern's scale. They also gave media stories about the information technology services provider an impact score of 44.44 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Virtusa's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (6.95%), Frontier Capital Management Co. LLC (3.37%), Thrivent Financial for Lutherans (3.08%), Northern Trust Corp (2.14%) and Skyline Asset Management LP (1.32%). 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 Vaughan Nelson Investment Management L.P., Skyline Asset Management LP, Mesirow Financial Investment Management Equity Management, FIL Ltd, Citadel Advisors LLC, Tiverton Asset Management LLC, Natixis Advisors L.P. and Russell Investments Group Ltd.. 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 Loomis Sayles & Co. L P, Redwood Investments LLC, BlackRock Inc., Millennium Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Carillon Tower Advisers Inc. and Hsbc Holdings PLC. 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 $48.94.

Virtusa has a market capitalization of $1.49 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]