UMB Bank N A MO continued to hold its position in shares of Virtusa Corp. (NASDAQ:VRTU) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,600 shares of the company’s stock at the end of the second quarter. UMB Bank N A MO’s holdings in Virtusa Corp. were worth $248,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of Virtusa Corp. by 34.6% in the first quarter. TIAA CREF Investment Management LLC now owns 148,476 shares of the company’s stock valued at $5,562,000 after buying an additional 38,190 shares during the period. Chesley Taft & Associates LLC boosted its position in Virtusa Corp. by 6.3% in the second quarter. Chesley Taft & Associates LLC now owns 15,955 shares of the company’s stock worth $461,000 after buying an additional 950 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Virtusa Corp. during the first quarter worth $436,000. Teachers Advisors Inc. boosted its position in Virtusa Corp. by 1.4% in the first quarter. Teachers Advisors Inc. now owns 44,280 shares of the company’s stock worth $1,659,000 after buying an additional 631 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Virtusa Corp. by 93.5% in the first quarter. Prudential Financial Inc. now owns 126,051 shares of the company’s stock worth $4,722,000 after buying an additional 60,900 shares during the last quarter. 85.76% of the stock is owned by institutional investors and hedge funds.
Virtusa Corp. (NASDAQ:VRTU) traded up 0.04% during midday trading on Friday, hitting $24.68. The stock had a trading volume of 526,246 shares. The stock has a 50-day moving average price of $24.33 and a 200 day moving average price of $30.66. The firm has a market cap of $737.17 million, a P/E ratio of 26.03 and a beta of 1.49. Virtusa Corp. has a 12-month low of $20.74 and a 12-month high of $59.40.
Virtusa Corp. (NASDAQ:VRTU) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Virtusa Corp. had a return on equity of 7.38% and a net margin of 4.24%. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $203.82 million. During the same quarter last year, the company posted $0.48 earnings per share. The business’s revenue was up 52.4% on a year-over-year basis. On average, equities analysts anticipate that Virtusa Corp. will post $1.63 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on VRTU shares. Zacks Investment Research cut Virtusa Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 16th. Wedbush started coverage on Virtusa Corp. in a report on Thursday, September 8th. They issued a “neutral” rating and a $29.00 price target for the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Virtusa Corp. in a report on Monday, August 22nd. TheStreet cut Virtusa Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $42.00 price target (down previously from $46.00) on shares of Virtusa Corp. in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.22.
In related news, CEO Kris A. Canekeratne sold 24,000 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $26.01, for a total transaction of $624,240.00. Following the transaction, the chief executive officer now owns 826,133 shares of the company’s stock, valued at $21,487,719.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald T. Maheu sold 3,423 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $26.25, for a total value of $89,853.75. Following the transaction, the director now directly owns 40,533 shares in the company, valued at approximately $1,063,991.25. The disclosure for this sale can be found here. Corporate insiders own 9.92% of the company’s stock.
Virtusa Corp. Company Profile
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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