Virtusa Co. (NASDAQ:VRTU) COO Sells $119,529.75 in Stock

Virtusa Co. (NASDAQ:VRTU) COO Roger Keith Modder sold 2,427 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $49.25, for a total transaction of $119,529.75. Following the completion of the transaction, the chief operating officer now owns 254,728 shares of the company’s stock, valued at $12,545,354. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Roger Keith Modder also recently made the following trade(s):

  • On Friday, February 14th, Roger Keith Modder sold 10,000 shares of Virtusa stock. The shares were sold at an average price of $48.95, for a total transaction of $489,500.00.

Shares of VRTU traded up $0.13 during mid-day trading on Friday, hitting $48.95. 179,733 shares of the company’s stock were exchanged, compared to its average volume of 254,750. The firm has a fifty day moving average of $44.22 and a two-hundred day moving average of $40.80. Virtusa Co. has a twelve month low of $31.99 and a twelve month high of $57.00. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 50.46, a P/E/G ratio of 1.32 and a beta of 1.25. The company has a quick ratio of 2.65, a current ratio of 2.71 and a debt-to-equity ratio of 1.04.

Virtusa (NASDAQ:VRTU) last announced its quarterly earnings results on Thursday, February 6th. The information technology services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Virtusa had a net margin of 2.60% and a return on equity of 13.31%. The company had revenue of $335.11 million for the quarter, compared to analyst estimates of $336.77 million. During the same quarter in the prior year, the business posted $0.61 EPS. Virtusa’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Virtusa Co. will post 2.06 earnings per share for the current year.

Several research firms have recently issued reports on VRTU. BidaskClub upgraded shares of Virtusa from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research reiterated a “buy” rating and issued a $60.00 price objective on shares of Virtusa in a research note on Thursday, January 30th. Cowen lowered shares of Virtusa from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $47.00 to $44.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Virtusa from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, TheStreet upgraded shares of Virtusa from a “c+” rating to a “b-” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Virtusa presently has an average rating of “Buy” and an average price target of $55.29.

Institutional investors and hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC lifted its holdings in Virtusa by 25.1% during the 3rd quarter. GW&K Investment Management LLC now owns 1,007,910 shares of the information technology services provider’s stock valued at $36,305,000 after purchasing an additional 201,912 shares during the last quarter. Prudential Financial Inc. increased its position in Virtusa by 60.4% during the 4th quarter. Prudential Financial Inc. now owns 532,769 shares of the information technology services provider’s stock valued at $24,150,000 after purchasing an additional 200,700 shares during the period. Granahan Investment Management Inc. MA increased its position in Virtusa by 18.7% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,165,610 shares of the information technology services provider’s stock valued at $41,985,000 after purchasing an additional 183,318 shares during the period. Voya Investment Management LLC increased its position in Virtusa by 37.7% during the 3rd quarter. Voya Investment Management LLC now owns 523,493 shares of the information technology services provider’s stock valued at $18,856,000 after purchasing an additional 143,368 shares during the period. Finally, Morgan Stanley increased its position in Virtusa by 948.2% during the 2nd quarter. Morgan Stanley now owns 153,502 shares of the information technology services provider’s stock valued at $6,820,000 after purchasing an additional 138,858 shares during the period. Institutional investors own 86.46% of the company’s stock.

About Virtusa

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.

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