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

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

Virtusa announced that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which authorizes the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Virtusa Co. (NASDAQ:VRTU) released its quarterly earnings data on Tuesday, May, 15th. The information technology services provider reported $0.55 EPS for the quarter, hitting the Zacks' 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%. The business's revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company 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 earnings per share guidance of $2.08-2.32 for the period, compared to the Thomson Reuters consensus earnings per share 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 1 year target prices for Virtusa's stock. Their predictions range from $52.00 to $65.00. On average, they expect Virtusa's stock price to reach $58.7143 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Ratings for Virtusa.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Virtusa in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."

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

Press coverage about VRTU stock has trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Virtusa earned a media sentiment score of 0.32 on Accern's scale. They also assigned news articles about the information technology services provider an impact score of 46.79 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Virtusa's stock is owned by a number of of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (0.44%), Bank of Montreal Can (0.18%) and Hartwell J M Limited Partnership (0.07%). 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 Hartwell J M Limited Partnership and Summit Creek Advisors LLC. 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can. 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 $54.33.

Virtusa has a market capitalization of $1.61 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]