Virtusa Co. (NASDAQ:VRTU) Shares Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its holdings in Virtusa Co. (NASDAQ:VRTU) by 50.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,000 shares of the information technology services provider’s stock after acquiring an additional 25,000 shares during the quarter. Hussman Strategic Advisors Inc. owned approximately 0.26% of Virtusa worth $3,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. boosted its stake in Virtusa by 14.4% during the second quarter. Citigroup Inc. now owns 29,400 shares of the information technology services provider’s stock worth $864,000 after acquiring an additional 3,711 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Virtusa by 6.1% in the second quarter. Vanguard Group Inc. now owns 2,073,630 shares of the information technology services provider’s stock valued at $60,964,000 after buying an additional 119,133 shares in the last quarter. State Street Corp lifted its stake in shares of Virtusa by 4.0% in the second quarter. State Street Corp now owns 672,462 shares of the information technology services provider’s stock valued at $19,774,000 after buying an additional 25,883 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Virtusa by 4.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 928,500 shares of the information technology services provider’s stock valued at $35,078,000 after buying an additional 40,850 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new position in shares of Virtusa in the third quarter valued at $9,115,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Several brokerages have recently commented on VRTU. BidaskClub downgraded shares of Virtusa from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Virtusa from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Barrington Research raised their price objective on shares of Virtusa to $52.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. SunTrust Banks restated a “buy” rating and set a $52.00 price objective on shares of Virtusa in a report on Friday, November 10th. Finally, Maxim Group set a $59.00 target price on shares of Virtusa and gave the stock a “buy” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.63.

In other news, CEO Kris A. Canekeratne sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.48, for a total transaction of $454,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Raj Rajgopal sold 4,025 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75. Following the sale, the insider now owns 98,576 shares in the company, valued at approximately $4,371,845.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,580 shares of company stock worth $3,127,526. 5.96% of the stock is owned by insiders.

Shares of Virtusa Co. (NASDAQ:VRTU) traded up $1.22 during trading on Thursday, reaching $49.54. 407,900 shares of the company’s stock traded hands, compared to its average volume of 212,777. The company has a market capitalization of $1,422.04, a price-to-earnings ratio of 275.22, a PEG ratio of 3.14 and a beta of 1.48. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.23. Virtusa Co. has a twelve month low of $25.72 and a twelve month high of $50.00.

Virtusa (NASDAQ:VRTU) last announced its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $263.80 million during the quarter, compared to analyst estimates of $259.81 million. Virtusa had a net margin of 0.92% and a return on equity of 4.93%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. analysts anticipate that Virtusa Co. will post 0.77 EPS for the current year.

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Virtusa 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.

Institutional Ownership by Quarter for Virtusa (NASDAQ:VRTU)

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