Virtusa Corporation (NASDAQ:VRTU) reached 52.75% versus a 1-year low price of $18.03. The stock was last seen 4.95% higher, reaching at $27.54 on Thursday, May 18, 2017. At recent session, the prices were hovering between $26.05 and $27.85. This company shares are 27.56% off its target price of $35.13 and the current market capitalization stands at $819.32M. The recent change has given its price a -8.36% deficit over SMA 50 and -22.6% deficit over its 52-week high. The stock witnessed -5.59% declines, -4.71% declines and 44.19% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VRTU’s volatility during a week at 7.31% and during a month it has been found around 4.35%.Virtusa Corporation (VRTU) Top Holders
Institutional investors currently hold around $808 million or 92.9% in VRTU stock. Look at its top three institutional owners. Fmr Llc owns $117.87 million in Virtusa Corporation, which represents roughly 14.39% of the company’s market cap and approximately 14.59% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,341,967 shares of the stock are valued at $87.69 million. The third largest holder is Blackrock Fund Advisors, which currently holds $58.48 million worth of this stock and that ownership represents nearly 7.14% of its market capitalization.Virtusa Corporation 13F Filings
At the end of 03/31/2017 reporting period, 72 institutional holders increased their position in Virtusa Corporation (NASDAQ:VRTU) by some 6,206,276 shares, 75 decreased positions by 3,472,056 and 18 held positions by 21,113,932. That puts total institutional holdings at 30,792,264 shares, according to SEC filings. The stock grabbed 17 new institutional investments totaling 755,409 shares while 15 institutional investors sold out their entire positions totaling 331,324 shares.
Multiple company employees have indulged in significant insider trading. Virtusa Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director MAHEU RONALD T has sold 4,566 shares of Virtusa Corporation (VRTU) in trading session dated Mar. 01, 2017. These shares are worth $148,715 and were traded at $32.57 each. The SEC filing shows that MAHEU RONALD T performed a sale of 7,231 shares. The Director disposed these shares by way of transaction on Feb. 27, 2017. The company’s shares were given away at $30 per share worth to an income of some $216,930 on account of MAHEU RONALD T.
Director, MAHEU RONALD T, sold 7,231 common shares of Virtusa Corporation (VRTU) in the open market. In a transaction dated Feb. 09, 2017, the shares were put up for sale at an average price of $27.5, raking in a sum of $198,853. After this sale, 46,894 common shares of VRTU are directly owned by the insider, with total stake valued at $1,291,461.
In the transaction dated Jan. 25, 2017, the great number of shares disposed came courtesy the Director; MAHEU RONALD T disposed a total of 7,231 shares at an average price of $27.5, amounting to approximately $198,853. The insider now directly owns 46,894 shares worth $1,291,461.Virtusa Corporation (VRTU) Analyst Guide
Several analysts have released their opinion on Virtusa Corporation (NASDAQ:VRTU), with 7 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.33 average brokerage recommendation.