Institutional Investors Are Crazy About Virtusa Corp (NASDAQ:VRTU)

April 16, 2018 - By wolcottdaily

Virtusa Corporation (NASDAQ:VRTU) Logo

Sentiment for Virtusa Corp (NASDAQ:VRTU)

Virtusa Corp (NASDAQ:VRTU) institutional sentiment increased to 1.5 in Q4 2017. Its up 0.70, from 0.8 in 2017Q3. The ratio is more positive, as 87 hedge funds opened new and increased stock positions, while 58 reduced and sold their stock positions in Virtusa Corp. The hedge funds in our partner’s database now own: 24.34 million shares, down from 25.23 million shares in 2017Q3. Also, the number of hedge funds holding Virtusa Corp in their top 10 stock positions decreased from 2 to 0 for a decrease of 2. Sold All: 7 Reduced: 51 Increased: 50 New Position: 37.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.42 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 has a 243.03 P/E ratio. 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.

The stock increased 2.45% or $1.15 during the last trading session, reaching $48.12. About 68,930 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since April 16, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on May, 15. They expect $0.37 EPS, up 48.00 % or $0.12 from last year’s $0.25 per share. VRTU’s profit will be $10.89M for 32.51 P/E if the $0.37 EPS becomes a reality. After $0.19 actual EPS reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 94.74 % EPS growth.

P.A.W. Capital Corp holds 2.77% of its portfolio in Virtusa Corporation for 50,000 shares. S Squared Technology Llc owns 66,437 shares or 2.67% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.61% invested in the company for 456,500 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 1.32% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 142,422 shares.#img1#

Since January 1, 0001, it had 0 buys, and 16 sales for $8.46 million activity.

Virtusa Corporation (NASDAQ:VRTU) Ratings Coverage

Ratings analysis reveals 67% of Virtusa Corp’s analysts are positive. Out of 6 Wall Street analysts rating Virtusa Corp, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $37.0 while the high is $65.0. The stock’s average target of $59.83 is 24.33% above today’s ($48.12) share price. VRTU was included in 14 notes of analysts from November 5, 2017. SunTrust maintained the stock with “Buy” rating in Thursday, February 8 report. The firm has “Buy” rating by Needham given on Thursday, February 8. Wedbush maintained it with “Neutral” rating and $60 target in Tuesday, March 13 report. On Wednesday, March 14 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Thursday, November 9 by Maxim Group. The rating was maintained by Needham on Wednesday, March 14 with “Buy”. The stock has “Buy” rating by Needham on Tuesday, April 10. Barrington maintained it with “Buy” rating and $55.0 target in Friday, February 9 report. As per Thursday, February 8, the company rating was maintained by Maxim Group. The rating was downgraded by SunTrust to “Hold” on Wednesday, April 4.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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