How Sterne Agee CRT Currently Rates Virtusa (NASDAQ:VRTU)
In a very recent research note released on Thursday, 17 December, stock analysts at Sterne Agee CRT have started coverage on Virtusa (NASDAQ:VRTU) shares. The brokerage issued a key Neutral rating for VRTU stock.
From a total of 6 analysts covering Virtusa (NASDAQ:VRTU) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $67 while the lowest target price is $50. The mean of all analyst targets is $61 with a 44.58% above today’s ($44.44) stock price. Virtusa was the topic of 7 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Barrington Research maintained shares on November 5 with “Outperform” rating. Maxim Group maintained VRTU stock in a recent report from November 4 with “Buy” rating.
Approximately 11,952 shares of stock traded hands. Virtusa Corporation (NASDAQ:VRTU) has declined 1.70% since May 14, 2015 and is downtrending. It has outperformed by 0.56% the S&P500.
The overall sentiment of institutions has decreased to 1.21 in Q2 2015. Its down 0.30, from 1.51 in 2015Q2. The ratio dropped, as 15 institutions have sold all the shares of Virtusa Corporation that they owned while 51 funds have taken shares off the table. 15 funds have purchased shares for the first time while 65 added to their positions. These institutions now hold 24.15 million shares or 7.70% less than the 26.16 million shares they owned in 2015Q2.
The Fund Mitchell Capital Management Co currently is holding shares equating to 5.6% of its total portfolio in Virtusa Corporation representing a total of 312,708 shares. Another fund,Pembroke Management Ltd, is holding a total of 1.23 million shares equating to 4.67% of their holdings. Additionally, P.A.W. Capital Corp has a 48,000 share stake in Virtusa Corporation which represents 2.82% of their total portfolio. The Fund, Hartwell J M Limited Partnership, based out of New York, has also built up a stake in the stock, which represents a total of 2.79% of their total portfolio. Finally Alphaone Investment Services Llc, a fund which is based in the state of Pennsylvania reported a total holdings of 111,996 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 18, 2015, shareholders of Virtusa Corporation have witnessed 0 insider purchases, and a total of 5 sales equating to a net activity of approximately $949,375 . Rajgopal Raj sold 3,175 shares worth approximately $161,373. Canekeratne Kris A sold 6,000 shares worth approximately $307,015. Maheu Ronald T sold 10,659 shares worth approximately $456,784.
Virtusa Corporation is an information technology services company. The company has a market cap of $1.32 billion. The Company’s services include information technology (IT) and business consulting, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services. It has 29.77 P/E ratio. The Company’s services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients’ core customer-facing processes into one or more core systems.
According to Zacks Investment Research, “Virtusa Corporation is a global information technology services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service.”