Zacks reissued their hold rating on shares of Virtusa Corp (NASDAQ:VRTU) in a research report released on Tuesday morning, American Banking News reports. Zacks currently has a $29.20 price objective on the stock.
Zacks has also updated their ratings on a number of other information technology stocks in the last week. The firm upgraded shares of Lender Processing Services Inc. from an underperform rating to a neutral rating. The firm now has a $36.00 price target on that stock. Also, Zacks upgraded shares of FleetCor Technologies Inc. from a neutral rating to an outperform rating. Zacks now has a $116.30 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Computer Sciences Corp.. They have a $53.00 price target on that stock.
Separately, analysts at Needham & Company raised their price target on shares of Virtusa Corp from $30.00 to $35.00 in a research note to investors on Tuesday. They now have a buy rating on the stock.
Shares of Virtusa Corp (NASDAQ:VRTU) traded down 1.52% during mid-day trading on Tuesday, hitting $32.995. 30,870 shares of the company’s stock traded hands. Virtusa Corp has a one year low of $14.40 and a one year high of $36.72. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $26.26. The company has a market cap of $864.9 million and a P/E ratio of 28.88.
Virtusa Corp (NASDAQ:VRTU) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $94.43 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that Virtusa Corp will post $1.31 earnings per share for the current fiscal year.
In other Virtusa Corp news, Director Ronald T. Maheu sold 8,100 shares of Virtusa Corp stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.46, for a total transaction of $271,026.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.