SunTrust Robinson Raises Rating of Virtusa Corp (NASDAQ:VRTU) To a Buy

Virtusa Corporation (NASDAQ:VRTU) Logo

Investors sentiment decreased to 1.15 in 2018 Q2. Its down 0.37, from 1.52 in 2018Q1. It turned negative, as 18 investors sold Virtusa Corporation shares while 55 reduced holdings. 19 funds opened positions while 65 raised stakes. 25.15 million shares or 1.65% more from 24.74 million shares in 2018Q1 were reported.

Public Sector Pension Inv Board holds 0.01% or 17,516 shares. Spark Inv Limited Company stated it has 0.09% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). First Quadrant Limited Partnership Ca holds 0.02% or 22,039 shares. Northern Tru invested in 0.01% or 682,836 shares. Bnp Paribas Arbitrage Sa invested in 2,508 shares. Moreover, Sawgrass Asset Management Limited Liability Co has 0.08% invested in Virtusa Corporation (NASDAQ:VRTU) for 35,620 shares. Paw Cap reported 2.7% stake. 536,578 are owned by Loomis Sayles And Limited Partnership. Driehaus Cap Management Lc has 0.41% invested in Virtusa Corporation (NASDAQ:VRTU). Mason Street Advsr Ltd Com holds 0.01% or 7,971 shares. Ls Invest Advisors Limited Company has 4,345 shares. Legal & General Public Ltd Com accumulated 61,211 shares or 0% of the stock. Goldman Sachs Gru Incorporated holds 0% or 145,223 shares. Great Lakes Advisors Ltd Liability Corporation invested in 167,580 shares. Riverhead Limited Company owns 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 2,534 shares.

Since June 1, 2018, it had 0 buys, and 7 insider sales for $1.68 million activity. The insider Moriarty Rowland T sold 10,000 shares worth $494,409. Shares for $1.38 million were sold by Canekeratne Kris A. Another trade for 4,786 shares valued at $248,679 was made by Kalia Ranjan on Friday, June 1. $106,840 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by Narayanan Sundararajan. O’Brien William K had sold 14,074 shares worth $732,601 on Tuesday, June 5.

Virtusa Corp (NASDAQ:VRTU) Stock Upgrade

Trading of shares of Virtusa Corp (NASDAQ:VRTU) will be interesting to watch this afternoon as SunTrust Robinson upped the stock to a Buy.

Virtusa Corporation (NASDAQ:VRTU) Ratings Coverage

Among 3 analysts covering Virtusa (NASDAQ:VRTU), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Virtusa has $70 highest and $62 lowest target. $66’s average target is 48.88% above currents $44.33 stock price. Virtusa had 3 analyst reports since August 10, 2018 according to SRatingsIntel. Wedbush maintained it with “Outperform” rating and $70 target in Friday, August 31 report. On Friday, August 10 the stock rating was maintained by Cantor Fitzgerald with “Overweight”. On Thursday, November 29 the stock rating was upgraded by SunTrust to “Buy”.

The stock increased 1.19% or $0.52 during the last trading session, reaching $44.33. About 211,079 shares traded or 44.42% up from the average. Virtusa Corporation (NASDAQ:VRTU) has risen 55.76% since December 2, 2017 and is uptrending. It has outperformed by 40.14% the S&P500.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.33 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 currently has negative earnings. 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.

More notable recent Virtusa Corporation (NASDAQ:VRTU) news were published by: Nasdaq.com which released: “Commit To Purchase Virtusa Corp At $45, Earn 21.9% Annualized Using Options – Nasdaq” on November 05, 2018, also Businesswire.com with their article: “Virtusa Announces Second Quarter Fiscal 2019 Consolidated Financial Results – Business Wire” published on November 08, 2018, Nasdaq.com published: “Add Up The Pieces: XITK Could Be Worth $112 – Nasdaq” on November 19, 2018. More interesting news about Virtusa Corporation (NASDAQ:VRTU) were released by: Profitconfidential.com and their article: “VRTU Stock: Enabling the Digital Future – Profit Confidential” published on January 25, 2018 as well as Streetinsider.com‘s news article titled: “Virtusa (VRTU) Signs Strategic Collaboration Agreement with AWS – StreetInsider.com” with publication date: November 26, 2018.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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