Hartwell J M Limited Partnership buys $8,294,486 stake in Virtusa Corporation (VRTU)

Virtusa Corporation (VRTU) : Hartwell J M Limited Partnership scooped up 9,075 additional shares in Virtusa Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 223,150 shares of Virtusa Corporation which is valued at $8,294,486.Virtusa Corporation makes up approximately 2.05% of Hartwell J M Limited Partnership’s portfolio.

Virtusa Corporation closed down -0.47 points or -1.26% at $36.86 with 81,655 shares getting traded on Wednesday. Post opening the session at $37.15, the shares hit an intraday low of $36.43 and an intraday high of $37.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in VRTU during the most recent quarter. The investment firm sold 8,500 shares of VRTU which is valued $315,945.Summit Creek Advisors boosted its stake in VRTU in the latest quarter, The investment management firm added 68,179 additional shares and now holds a total of 376,483 shares of Virtusa Corporation which is valued at $13,993,873. Virtusa Corporation makes up approx 2.16% of Summit Creek Advisors’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in VRTU by selling 16,724 shares or 49.79% in the most recent quarter. The Hedge Fund company now holds 16,863 shares of VRTU which is valued at $626,798. Virtusa Corporation makes up approx 0.07% of Thomson Horstmann Bryant Inc’s portfolio.Umb Bank N Amo boosted its stake in VRTU in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 8,600 shares of Virtusa Corporation which is valued at $319,662. Virtusa Corporation makes up approx 0.01% of Umb Bank N Amo’s portfolio.

On the company’s financial health, Virtusa Corporation reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 8, 2016. Analyst had a consensus of $0.55. The company had revenue of $150.60 million for the quarter, compared to analysts expectations of $151.44 million. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Virtusa Corporation. Shares were Reiterated by Maxim Group on Apr 22, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $58 .Virtusa Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Feb 19, 2016. Shares were Reiterated by Needham on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $65 .

Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting user experience (UX) design development of IT applications maintenance and support services systems integration infrastructure and managed services. The Company’s services enable its clients to accelerate business outcomes by consolidating rationalizing and modernizing the clients’ core customer-facing processes into one or more core systems. The Company delivers solutions through a global delivery model applying advanced methods such as Agile an industry standard technique designed to accelerate application development. The Company’s offerings include Business and Information Technology consulting services Technology implementation services Application outsourcing services Global delivery model Platforming approach Core solutions Transformational solutions and Millennial solutions.

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