Virtusa Co. (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $51.22, for a total transaction of $614,640.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Virtusa Co. (NASDAQ:VRTU) traded up $1.02 during trading on Tuesday, reaching $51.50. 625,345 shares of the company traded hands, compared to its average volume of 234,342. The company has a market cap of $1,520.00, a P/E ratio of 59.88, a P/E/G ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.24 and a quick ratio of 4.24. Virtusa Co. has a one year low of $25.72 and a one year high of $52.88.
Virtusa (NASDAQ:VRTU) last issued its earnings results on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $263.80 million during the quarter, compared to the consensus estimate of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. Virtusa’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. analysts anticipate that Virtusa Co. will post 0.99 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of VRTU. Victory Capital Management Inc. purchased a new stake in Virtusa in the 3rd quarter worth $130,000. We Are One Seven LLC purchased a new stake in Virtusa in the 4th quarter worth $143,000. LS Investment Advisors LLC lifted its stake in Virtusa by 359.5% in the 4th quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock worth $194,000 after purchasing an additional 3,451 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Virtusa in the 3rd quarter worth $224,000. Finally, Two Sigma Advisers LP purchased a new stake in Virtusa in the 4th quarter worth $239,000. 86.76% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Virtusa Co. (VRTU) CEO Sells $614,640.00 in Stock” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3260190/virtusa-co-vrtu-ceo-sells-614640-00-in-stock.html.
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.
Receive News & Ratings for Virtusa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa and related companies with MarketBeat.com's FREE daily email newsletter.