Virtusa Co. (VRTU) Holdings Boosted by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. boosted its position in Virtusa Co. (NASDAQ:VRTU) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,100 shares of the information technology services provider’s stock after buying an additional 4,486 shares during the quarter. Thomson Horstmann & Bryant Inc. owned 0.11% of Virtusa worth $1,370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in Virtusa by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 146,502 shares of the information technology services provider’s stock worth $4,307,000 after buying an additional 705 shares in the last quarter. American International Group Inc. lifted its holdings in Virtusa by 5.5% in the 3rd quarter. American International Group Inc. now owns 21,860 shares of the information technology services provider’s stock worth $826,000 after buying an additional 1,131 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Virtusa by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 210,762 shares of the information technology services provider’s stock worth $6,196,000 after buying an additional 1,275 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Virtusa by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,351 shares of the information technology services provider’s stock worth $3,480,000 after buying an additional 1,324 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Virtusa by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 54,201 shares of the information technology services provider’s stock worth $1,594,000 after buying an additional 1,523 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

A number of brokerages have commented on VRTU. Barrington Research boosted their price objective on shares of Virtusa to $52.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Virtusa from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub lowered shares of Virtusa from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on shares of Virtusa to $55.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, TheStreet upgraded shares of Virtusa from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.25.

In related news, Director Robert E. Davoli sold 1,505 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $45.31, for a total transaction of $68,191.55. Following the sale, the director now owns 9,996 shares in the company, valued at $452,918.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raj Rajgopal sold 14,025 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $45.02, for a total transaction of $631,405.50. Following the sale, the insider now owns 108,576 shares in the company, valued at approximately $4,888,091.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,580 shares of company stock worth $3,523,204. Company insiders own 5.96% of the company’s stock.

Shares of Virtusa Co. (NASDAQ VRTU) opened at $46.94 on Friday. The stock has a market cap of $1,380.00, a PE ratio of 66.11, a PEG ratio of 2.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. Virtusa Co. has a 12 month low of $24.84 and a 12 month high of $48.71.

Virtusa (NASDAQ:VRTU) last issued its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $248.20 million for the quarter, compared to analyst estimates of $237.48 million. Virtusa had a net margin of 2.54% and a return on equity of 4.86%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. sell-side analysts forecast that Virtusa Co. will post 1.04 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Week Herald and is the property of of Week Herald. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://weekherald.com/2018/01/12/virtusa-co-vrtu-holdings-boosted-by-thomson-horstmann-bryant-inc.html.

About Virtusa

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.

Want to see what other hedge funds are holding VRTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtusa Co. (NASDAQ:VRTU).

Institutional Ownership by Quarter for Virtusa (NASDAQ:VRTU)

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.

Leave a Reply