Virtusa (VRTU) Reaches $45.77 After 6.00% Down Move; Csra (CSRA) Shorts Increased By 0.93%

January 14, 2018 - By Richard Conner

The stock of Virtusa Corporation (NASDAQ:VRTU) is a huge mover today! The stock decreased 2.49% or $1.17 during the last trading session, reaching $45.77. About 184,023 shares traded or 7.07% up from the average. Virtusa Corporation (NASDAQ:VRTU) has declined 13.10% since January 14, 2017 and is downtrending. It has underperformed by 29.80% the S&P500.The move comes after 8 months negative chart setup for the $1.34 billion company. It was reported on Jan, 14 by Barchart.com. We have $43.02 PT which if reached, will make NASDAQ:VRTU worth $80.64 million less.

Csra Incorporated (NYSE:CSRA) had an increase of 0.93% in short interest. CSRA’s SI was 2.99 million shares in January as released by FINRA. Its up 0.93% from 2.96 million shares previously. With 1.16 million avg volume, 3 days are for Csra Incorporated (NYSE:CSRA)’s short sellers to cover CSRA’s short positions. The SI to Csra Incorporated’s float is 1.85%. The stock decreased 0.09% or $0.03 during the last trading session, reaching $32.08. About 976,519 shares traded. CSRA Inc. (NYSE:CSRA) has risen 16.97% since January 14, 2017 and is uptrending. It has outperformed by 0.27% the S&P500.

Among 9 analysts covering Virtusa (NASDAQ:VRTU), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Virtusa had 28 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Needham on Friday, February 10. The company was maintained on Tuesday, February 9 by Barrington Research. The firm has “Buy” rating given on Wednesday, July 29 by Needham. On Thursday, November 10 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Maxim Group given on Thursday, November 10. Maxim Group maintained the shares of VRTU in report on Wednesday, January 25 with “Buy” rating. Cowen & Co maintained Virtusa Corporation (NASDAQ:VRTU) on Thursday, October 12 with “Buy” rating. Needham maintained it with “Buy” rating and $60 target in Tuesday, February 9 report. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Neutral” rating by Sterne Agee CRT on Thursday, December 17. Cantor Fitzgerald maintained Virtusa Corporation (NASDAQ:VRTU) on Wednesday, August 10 with “Buy” rating.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.34 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 has a 65.29 P/E ratio. 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.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.46, from 1.26 in 2017Q2. It dropped, as 10 investors sold Virtusa Corporation shares while 54 reduced holdings. 21 funds opened positions while 30 raised stakes. 25.23 million shares or 4.91% less from 26.53 million shares in 2017Q2 were reported. Tiaa Cref Invest Management Ltd Liability Com invested in 0% or 72,225 shares. Dimensional Fund Advisors L P invested in 1.97M shares or 0.03% of the stock. Barclays Plc invested in 2,772 shares. Schwab Charles Investment Mngmt Incorporated accumulated 126,163 shares. Pnc Financial Services Inc holds 0.01% in Virtusa Corporation (NASDAQ:VRTU) or 145,919 shares. Voya Inv Management Limited holds 371,472 shares or 0.03% of its portfolio. 90,284 are owned by Rice Hall James & Associate Limited Liability. 37,001 are held by Great West Life Assurance Can. National Bank & Trust Of New York Mellon Corp stated it has 0% in Virtusa Corporation (NASDAQ:VRTU). Invesco Limited holds 0% or 164,852 shares in its portfolio. Gsa Capital Llp invested 0.08% in Virtusa Corporation (NASDAQ:VRTU). Manufacturers Life Insur The reported 20,974 shares stake. 88,588 were reported by Fil. Texas Permanent School Fund holds 0.01% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 19,873 shares. Credit Suisse Ag invested in 34,778 shares.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on February, 8. They expect $0.30 EPS, up 11.11% or $0.03 from last year’s $0.27 per share. VRTU’s profit will be $8.81 million for 38.14 P/E if the $0.30 EPS becomes a reality. After $0.22 actual EPS reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Since August 10, 2017, it had 0 insider buys, and 15 insider sales for $5.05 million activity. The insider Rajgopal Raj sold $145,089. $835,162 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by Canekeratne Kris A. $104,078 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by DAVOLI ROBERT E. 12,255 shares valued at $432,731 were sold by TRUST MARTIN on Thursday, September 7.

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