Here’s how analysts see Virtusa Corporation (NASDAQ:VRTU) after this past week.

August 9, 2018 - By Kristin Houston

Virtusa Corporation (NASDAQ:VRTU) LogoInvestors sentiment increased to 1.52 in 2018 Q1. Its up 0.02, from 1.5 in 2017Q4. It is positive, as 9 investors sold Virtusa Corporation shares while 54 reduced holdings. 38 funds opened positions while 58 raised stakes. 24.74 million shares or 1.63% more from 24.34 million shares in 2017Q4 were reported.
Thomson Horstmann Bryant invested in 0.21% or 33,005 shares. Cubist Systematic Strategies Limited Liability Company has invested 0.03% in Virtusa Corporation (NASDAQ:VRTU). Jupiter Asset Management Limited holds 0.16% or 109,377 shares. Moreover, Portolan Cap Limited Com has 0.49% invested in Virtusa Corporation (NASDAQ:VRTU). Panagora Asset Management accumulated 1,468 shares. Redwood Invests Ltd Liability Co invested in 304,193 shares. Ls Advsrs Limited invested in 4,322 shares or 0.01% of the stock. Geode Cap Mgmt Ltd Liability holds 253,859 shares or 0% of its portfolio. Quantbot Technologies Limited Partnership reported 0.01% in Virtusa Corporation (NASDAQ:VRTU). Moreover, Strs Ohio has 0% invested in Virtusa Corporation (NASDAQ:VRTU). Maryland-based Profund Limited Liability has invested 0.01% in Virtusa Corporation (NASDAQ:VRTU). Barclays Public Limited Company reported 0% in Virtusa Corporation (NASDAQ:VRTU). Deutsche National Bank & Trust Ag holds 60,019 shares or 0% of its portfolio. Crow Point Ltd Liability has invested 0.01% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Rhumbline Advisers has 64,211 shares.

Since February 12, 2018, it had 0 buys, and 25 selling transactions for $12.25 million activity. The insider Modder Roger Keith sold $625,351. Rajgopal Raj sold $191,309 worth of Virtusa Corporation (NASDAQ:VRTU) on Monday, February 12. Shares for $150,840 were sold by Canekeratne Kris A on Thursday, July 5. $361,202 worth of stock was sold by Holler Thomas R on Wednesday, May 23. Narayanan Sundararajan sold $106,840 worth of stock or 2,000 shares. On Tuesday, June 5 O’Brien William K sold $732,601 worth of Virtusa Corporation (NASDAQ:VRTU) or 14,074 shares.

Virtusa Corporation (NASDAQ:VRTU) Ratings Coverage

Among 5 analysts covering Virtusa (NASDAQ:VRTU), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Virtusa has $65.0 highest and $60 lowest target. $62.25’s average target is 17.52% above currents $52.97 stock price. Virtusa had 6 analyst reports since March 13, 2018 according to SRatingsIntel. Wedbush maintained Virtusa Corporation (NASDAQ:VRTU) on Tuesday, March 13 with “Neutral” rating. The firm earned “Buy” rating on Tuesday, April 10 by Needham. As per Wednesday, April 4, the company rating was downgraded by SunTrust. Cantor Fitzgerald maintained Virtusa Corporation (NASDAQ:VRTU) on Wednesday, March 14 with “Buy” rating. The company was maintained on Wednesday, March 14 by Needham. As per Tuesday, March 13, the company rating was maintained by Maxim Group. Below is a list of Virtusa Corporation (NASDAQ:VRTU) latest ratings and price target changes.

10/04/2018 Broker: Needham Rating: Buy New Target: $65.0000 Upgrade
04/04/2018 Broker: SunTrust Old Rating: Buy New Rating: Hold Downgrade
14/03/2018 Broker: Needham Rating: Buy New Target: $65.0 Maintain
14/03/2018 Broker: Cantor Fitzgerald Old Rating: Buy New Rating: Buy Old Target: $52 New Target: $60 Maintain
13/03/2018 Broker: Maxim Group Rating: Buy New Target: $64.0 Maintain
13/03/2018 Broker: Wedbush Old Rating: Neutral New Rating: Neutral Old Target: $55 New Target: $60 Maintain

The stock decreased 2.31% or $1.25 during the last trading session, reaching $52.97. About 154,839 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 59.15% since August 9, 2017 and is uptrending. It has outperformed by 46.58% the S&P500.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.58 billion. It offers business and IT consulting services comprising advisory/target operating model, business process re-engineering/BPM, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design ASD, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services. It currently has negative earnings. The firm also provides technology implementation services, such as application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services.

Another recent and important Virtusa Corporation (NASDAQ:VRTU) news was published by which published an article titled: “Virtusa Announces First Quarter Fiscal 2019 Consolidated Financial Results” on August 08, 2018.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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