Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. Principal Financial Group Inc. now owns 210,762 shares of the information technology services provider's stock worth $6,196,000 after purchasing an additional 1,275 shares during the period. It has a 31.23 P/E ratio. Further, the firm operates as an adviser and distributor of investment companies and separate accounts.
With earnings at the doorstep, we can see that insider ownership is now 4.50% shares, and institutional ownership is at 89.80% for Virtusa Corporation (NASDAQ:VRTU) stock. Therefore 89% are positive. Finally, Barrington Research lifted their price target on shares of Virtusa to $52.00 and gave the stock an outperform rating in a research note on Thursday, November 9th. $49.67's average target is 6.68% above currents $46.56 stock price. Virtusa had 28 analyst reports since July 29, 2015 according to SRatingsIntel. Cowen & Co initiated it with "Market Perform" rating and $39 target in Friday, February 19 report.
Virtusa (NASDAQ:VRTU) last released its quarterly earnings results on Thursday, February 8th. Barrington Research has "Outperform" rating and $67 target. Needham maintained the stock with "Buy" rating in Friday, February 10 report. Maxim Group upgraded Virtusa from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Wednesday, November 8th. The firm has "Buy" rating given on Thursday, February 8 by Maxim Group. The firm has "Outperform" rating by Oppenheimer given on Friday, July 14. (NASDAQ:IMPV) earned "Neutral" rating by Nomura on Monday, September 26. Cowen & Co initiated Virtusa Corporation (NASDAQ:VRTU) rating on Friday, February 19.
Since August 10, 2017, it had 0 buys, and 14 selling transactions for $4.44 million activity.
On 1/2/2018 Raj Rajgopal, Insider, sold 4,025 with an average share price of $44.35 per share and the total transaction amounting to $178,508.75. In the last three months, insiders sold 65,555 shares of company stock valued at $3,013,598. Another trade for 2,941 shares valued at $104,078 was made by DAVOLI ROBERT E on Thursday, August 24.
Investors sentiment decreased to 1.71 in Q3 2017. Its down 0.46, from 1.26 in 2017Q2.
On 12/1/2017 Kris A Canekeratne, CEO, sold 10,000 with an average share price of $45.48 per share and the total transaction amounting to $454,800.00. 21 funds opened positions while 30 raised stakes.
Virtusa (NASDAQ VRTU) traded down $0.60 on Thursday, reaching $45.73. Piedmont Invest Advisors Ltd Llc has invested 0% in Virtusa Corporation (NASDAQ:VRTU). Inv Counselors Of Maryland Limited Liability Corporation, Maryland-based fund reported 497,980 shares. Moreover, Portolan Cap Mngmt Ltd Co has 0.53% invested in Virtusa Corporation (NASDAQ:VRTU). Glenmede Trust Na has invested 0% in Virtusa Corporation (NASDAQ:VRTU). Summit Creek Advisors Ltd Liability Corporation owns 204,850 shares. Manufacturers Life The holds 0% or 20,974 shares. Parkside Savings Bank Tru invested in 0% or 18 shares. Ami Asset Management Corp has 251,407 shares.
Analysts await Leidos Holdings, Inc. (NYSE:EV) to report earnings on February, 28. They expect $0.69 EPS, up 30.19% or $0.16 from last year's $0.53 per share. VRTU's profit would be $8.81 million giving it 35.64 P/E if the $0.30 EPS is correct. 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.
The stock increased 0.70% or $0.37 during the last trading session, reaching $52.9. About 168,584 shares traded. Freshpet, Inc. (NASDAQ:FRPT) has risen 61.82% since February 8, 2017 and is uptrending.
Since January 1, 0001, it had 0 insider buys, and 21 insider sales for $32.86 million activity.
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