Barrington analyst Vincent Colicchio maintained a Buy rating on Virtusa Corp (VRTU) today and set a price target of $64. The company’s shares closed yesterday at $52.65.
According to TipRanks.com, Colicchio is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.3% and a 48.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Virtusa Corp has an analyst consensus of Hold.
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Based on Virtusa Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.58 million. In comparison, last year the company had a net profit of $2.88 million.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Roger Keith Modder, the EVP & COO of VRTU sold 17,716 shares for a total of $927,787.
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Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.
