Stock Worth Mentioning: Is Buying Virtusa Corporation Here a Winning Strategy?

Stock Worth Mentioning: Is Buying Virtusa Corporation Here a Winning Strategy?

The stock of Virtusa Corporation (NASDAQ:VRTU) is a huge mover today! About 355,695 shares traded hands or 5.69% up from the average. Virtusa Corporation (NASDAQ:VRTU) has declined 49.59% since April 14, 2016 and is downtrending. It has underperformed by 54.28% the S&P500.
The move comes after 6 months positive chart setup for the $566.98 million company. It was reported on Nov, 16 by Barchart.com. We have $33.41 PT which if reached, will make NASDAQ:VRTU worth $391.22M more.

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 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, November 4 by Maxim Group. The rating was initiated by Wedbush on Friday, September 9 with “Neutral”. The stock has “Buy” rating given by Suntrust Robinson on Friday, February 19. The stock has “Neutral” rating given by Sterne Agee CRT on Thursday, December 17. The rating was maintained by Cantor Fitzgerald on Wednesday, August 10 with “Buy”. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Thursday, November 10 by Needham. The stock has “Outperform” rating given by Barrington Research on Thursday, August 20. Maxim Group maintained Virtusa Corporation (NASDAQ:VRTU) rating on Wednesday, June 29. Maxim Group has “Buy” rating and $42 price target. Needham maintained the stock with “Buy” rating in Thursday, November 5 report. The rating was initiated by Cantor Fitzgerald with “Buy” on Friday, October 16.

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 2016 Q2. Its down 0.31, from 1.3 in 2016Q1. The ratio turned 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.
Barclays Plc, a United Kingdom-based fund reported 112 shares. Cubist Systematic Strategies Ltd Company, a Connecticut-based fund reported 24,214 shares. Ameriprise has 0% invested in the company for 130,870 shares. Johnson Grp reported 343 shares or 0% of all its holdings. Fifth Third Natl Bank holds 5,499 shares or 0% of its portfolio. Los Angeles Capital Mgmt And Equity holds 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 11,460 shares. State Street Corporation has 0% invested in the company for 562,837 shares. Schwab Charles Invest has 0% invested in the company for 92,733 shares. Credit Suisse Ag has 0% invested in the company for 64,771 shares. Victory Mgmt Inc owns 2,127 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has 0% invested in the company for 22,329 shares. Bessemer Gp holds 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 151 shares. Us Bancshares De holds 0% or 137 shares in its portfolio. Ubs Asset Americas has 0% invested in the company for 13,318 shares. Moreover, Macquarie Group Limited has 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 5,200 shares.

Insider Transactions: Since May 19, 2016, the stock had 2 insider purchases, and 3 insider sales for $302,010 net activity. $518,503 worth of shares were bought by Moriarty Rowland T on Wednesday, June 8. MAHEU RONALD T sold $89,854 worth of Virtusa Corporation (NASDAQ:VRTU) on Monday, September 12. Another trade for 6,500 shares valued at $210,809 was made by Modder Roger Keith on Thursday, May 19. $630,342 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by Canekeratne Kris A on Tuesday, May 31.

Another recent and important Virtusa Corporation (NASDAQ:VRTU) news was published by Economictimes.Indiatimes.com which published an article titled: “Hitachi and Virtusa Corporation enter into partnership” on March 30, 2016.

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).

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