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

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

Virtusa declared that its board has approved a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $30,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Virtusa (NASDAQ:VRTU) released its quarterly earnings data on Tuesday, May, 15th. The information technology services provider reported $0.55 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.55. The information technology services provider earned $281.30 million during the quarter, compared to analyst estimates of $282.44 million. Virtusa had a net margin of 0.12% and a return on equity of 5.94%. Virtusa's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. 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 issued an update on its FY19 earnings guidance on Tuesday, May, 15th. The company provided EPS 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 analysts have issued 12 month target prices for Virtusa's stock. Their predictions range from $52.00 to $65.00. On average, they expect Virtusa's share price to reach $58.7143 in the next year. View Analyst Ratings for Virtusa.

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

Press coverage about VRTU stock has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtusa earned a coverage optimism score of 0.18 on Accern's scale. They also gave headlines about the information technology services provider an impact score of 50.21 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

Virtusa's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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, Thomas R Holler and Trust Martin. 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, Thomas R Holler and Trust Martin. View Insider Buying and Selling for Virtusa.

VRTU stock was acquired by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, BlackRock Inc., Millennium Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Carillon Tower Advisers Inc., Hsbc Holdings PLC and Frontier Capital Management Co. LLC. 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 $47.59.

Virtusa has a market capitalization of $1.40 billion and generates $1.02 billion in revenue each year. The information technology services provider earns $11.85 million in net income (profit) each year or $0.89 on an earnings per share basis. Virtusa employs 17,750 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]