Shares of Virtusa Co. (NASDAQ:VRTU) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $48.00.
Separately, Barrington Research lowered Virtusa from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 12th.
Virtusa stock traded up $0.01 during mid-day trading on Friday, hitting $51.19. The company’s stock had a trading volume of 94,160 shares, compared to its average volume of 376,044. The firm has a market capitalization of $1.55 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 1.97 and a beta of 1.39. Virtusa has a 1 year low of $19.48 and a 1 year high of $52.81. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average is $51.06 and its two-hundred day moving average is $47.41.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Virtusa by 4.3% during the fourth quarter. BlackRock Inc. now owns 4,436,461 shares of the information technology services provider’s stock worth $226,837,000 after purchasing an additional 181,590 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Virtusa by 2.7% during the third quarter. GW&K Investment Management LLC now owns 912,048 shares of the information technology services provider’s stock worth $44,836,000 after purchasing an additional 24,396 shares in the last quarter. Morgan Stanley lifted its stake in Virtusa by 66.3% during the third quarter. Morgan Stanley now owns 404,918 shares of the information technology services provider’s stock worth $19,906,000 after purchasing an additional 161,502 shares in the last quarter. CNH Partners LLC acquired a new position in Virtusa during the third quarter worth $18,015,000. Finally, State of Wisconsin Investment Board acquired a new position in Virtusa during the fourth quarter worth $15,834,000. Institutional investors own 93.80% of the company’s stock.
Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services primarily in North America, Europe, and Asia. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business process management, application portfolio rationalization, and business/technology alignment analysis; digital transformation services, such as digital strategy user experience and design, application and platform engineering analytics, intelligent automation content and customer experience, and cyber security; and cloud transformation services comprising cloud strategy and migration, cloud native applications, and capex to opex models.
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