Stock Buzzer: After Today’s Huge Increase, Is Virtusa Corporation’s Near-Term Analysis Positive?

Stock Buzzer: After Today's Huge Increase, Is Virtusa Corporation's Near Term Analysis Positive?

The stock of Virtusa Corporation (NASDAQ:VRTU) is a huge mover today! About 232,862 shares traded hands. Virtusa Corporation (NASDAQ:VRTU) has declined 35.49% since March 2, 2016 and is downtrending. It has underperformed by 43.75% the S&P500.
The move comes after 7 months positive chart setup for the $700.56M company. It was reported on Oct, 5 by Barchart.com. We have $30.53 PT which if reached, will make NASDAQ:VRTU worth $175.14 million more.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on November, 2. They expect $0.12 earnings per share, down 72.09% or $0.31 from last year’s $0.43 per share. VRTU’s profit will be $3.44M for 50.88 P/E if the $0.12 EPS becomes a reality. After $-0.01 actual earnings per share reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts -1,300.00% EPS growth.

Virtusa Corporation (NASDAQ:VRTU) Ratings Coverage

Out of 8 analysts covering Virtusa (NASDAQ:VRTU), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Virtusa has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham with “Buy” on Wednesday, July 29. The firm earned “Neutral” rating on Thursday, December 17 by Sterne Agee CRT. Needham maintained Virtusa Corporation (NASDAQ:VRTU) on Thursday, November 5 with “Buy” rating. Barrington Research maintained Virtusa Corporation (NASDAQ:VRTU) on Tuesday, February 9 with “Outperform” rating. Needham maintained Virtusa Corporation (NASDAQ:VRTU) rating on Tuesday, February 9. Needham has “Buy” rating and $60 price target. Cantor Fitzgerald initiated the shares of VRTU in a report on Friday, October 16 with “Buy” rating. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, August 10. Cowen & Co initiated the shares of VRTU in a report on Friday, February 19 with “Market Perform” rating. The stock has “Buy” rating given by Suntrust Robinson on Friday, February 19. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Outperform” rating by Barrington Research on Thursday, November 5.

According to Zacks Investment Research, “Virtusa Corporation is a global information technology services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.31, from 1.3 in 2016Q1. The ratio is negative, as 27 funds sold all Virtusa Corporation shares owned while 47 reduced positions. 18 funds bought stakes while 55 increased positions. They now own 25.03 million shares or 1.85% less from 25.50 million shares in 2016Q1.
Next Century Growth Investors Limited accumulated 0.46% or 338,161 shares. Capstone Asset Mgmt Com, a Texas-based fund reported 10,720 shares. Principal holds 0.01% or 192,157 shares in its portfolio. Kennedy Mgmt accumulated 59,169 shares or 0.03% of the stock. Earnest Prns Lc holds 1,100 shares or 0% of its portfolio. Pembroke Mgmt Limited holds 1.8% or 683,087 shares in its portfolio. Ubs Asset Mngmt Americas Inc has 0% invested in the company for 13,318 shares. The Connecticut-based Paw Capital Corporation has invested 3.06% in Virtusa Corporation (NASDAQ:VRTU). The New York-based Tower Research Cap Limited Liability Corp (Trc) has invested 0% in Virtusa Corporation (NASDAQ:VRTU). Legal General Group Public Limited reported 7,003 shares or 0% of all its holdings. Pacad Invest Ltd accumulated 2,200 shares or 0.01% of the stock. Waddell Reed Financial accumulated 2.57M shares or 0.16% of the stock. Moreover, State Of Tennessee Treasury Department has 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 21,200 shares. Ameriprise Financial Incorporated accumulated 0% or 130,870 shares. Granahan Management Ma last reported 0.37% of its portfolio in the stock.

Insider Transactions: Since April 18, 2016, the stock had 2 buys, and 5 sales for $735,692 net activity. On Tuesday, May 31 the insider Canekeratne Kris A sold $630,342. The insider Modder Roger Keith sold 6,500 shares worth $210,809. The insider Moriarty Rowland T bought $524,036. $89,854 worth of shares were sold by MAHEU RONALD T on Monday, September 12.

More news for Virtusa Corporation (NASDAQ:VRTU) were recently published by: Economictimes.Indiatimes.com, which released: “Hitachi and Virtusa Corporation enter into partnership” on March 30, 2016. Seekingalpha.com‘s article titled: “Virtusa: A Very Dusty Quarter That Hides An Extraordinary Valuation” and published on February 17, 2016 is yet another important article.

VRTU Company Profile

Virtusa Corporation (Virtusa), incorporated on April 19, 2000, 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. The Company’s services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients’ core customer-facing processes into one or more core systems. The Firm delivers solutions through a global delivery model, applying advanced methods, such as Agile, a technique designed to accelerate application development. The Firm also uses its consulting methodology, which it refers to as Accelerated Solution Design (ASD).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment