Public Sector Pension Investment Board Maintains Stake in Virtusa Co. (VRTU)

Public Sector Pension Investment Board continued to hold its position in shares of Virtusa Co. (NASDAQ:VRTU) during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,656 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned approximately 0.06% of Virtusa worth $469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRTU. Municipal Employees Retirement System of Michigan increased its position in shares of Virtusa by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,040 shares of the company’s stock worth $149,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC purchased a new position in shares of Virtusa during the third quarter worth about $241,000. UMB Bank N A MO increased its position in shares of Virtusa by 17.4% in the third quarter. UMB Bank N A MO now owns 10,100 shares of the company’s stock worth $249,000 after buying an additional 1,500 shares in the last quarter. Arizona State Retirement System increased its position in shares of Virtusa by 0.7% in the third quarter. Arizona State Retirement System now owns 14,255 shares of the company’s stock worth $352,000 after buying an additional 100 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Virtusa by 73.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,828 shares of the company’s stock worth $489,000 after buying an additional 8,368 shares in the last quarter. Institutional investors own 93.20% of the company’s stock.

Institutional Ownership by Quarter for Virtusa (NASDAQ:VRTU)

Shares of Virtusa Co. (NASDAQ:VRTU) opened at 31.30 on Tuesday. Virtusa Co. has a 12 month low of $18.03 and a 12 month high of $38.31. The stock’s 50 day moving average is $29.29 and its 200 day moving average is $25.02. The stock has a market cap of $937.65 million, a P/E ratio of 68.19 and a beta of 1.42.

Virtusa (NASDAQ:VRTU) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Virtusa had a net margin of 1.70% and a return on equity of 4.32%. The company earned $217.20 million during the quarter, compared to the consensus estimate of $217.71 million. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 44.2% compared to the same quarter last year. Analysts predict that Virtusa Co. will post $1.27 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on VRTU. Maxim Group reiterated a “buy” rating and issued a $32.00 price target (up previously from $26.00) on shares of Virtusa in a research note on Wednesday, January 25th. Wedbush lifted their price target on shares of Virtusa from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Needham & Company LLC lifted their price target on shares of Virtusa from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 1st. Zacks Investment Research upgraded shares of Virtusa from a “sell” rating to a “hold” rating in a research note on Saturday, February 18th. Finally, Cantor Fitzgerald set a $26.00 price target on shares of Virtusa and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Virtusa currently has a consensus rating of “Buy” and a consensus target price of $37.33.

In related news, Director Ronald T. Maheu sold 4,566 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $32.57, for a total transaction of $148,714.62. Following the completion of the sale, the director now owns 41,678 shares of the company’s stock, valued at approximately $1,357,452.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald T. Maheu sold 7,231 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $27.50, for a total transaction of $198,852.50. Following the sale, the director now directly owns 44,512 shares of the company’s stock, valued at approximately $1,224,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,259 shares of company stock valued at $1,082,550. Corporate insiders own 9.92% of the company’s stock.

Virtusa 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.

5 Day Chart for NASDAQ:VRTU

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