Virtusa Corp (VRTU) Files Form 4 Insider Buying : Rowland T Moriarty Buys 15,500 Shares

Virtusa Corp (VRTU): Rowland T Moriarty , director of Virtusa Corp purchased 15,500 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $33.77 per share for a total value of $524,035.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Rowland T Moriarty (director) purchased 15,000 shares at $34.58 per share price.On Jun 2, 2016, Kris A Canekeratne (Chairman & CEO) sold 18,000 shares at $35.02 per share price.Also, On May 20, 2016, Roger Keith Modder (EVP & COO) sold 6,500 shares at $32.43 per share price.On Dec 1, 2015, Robert E Davoli (director) sold 1,756 shares at $49.32 per share price.

Shares of Virtusa Corporation (VRTU) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.52% at $34.15 with 1,82,946 shares getting traded. Post opening the session at $33.9, the shares hit an intraday low of $33.35 and an intraday high of $34.3999 and the price vacillated in this range throughout the day. The company has a market cap of $1,022 M and the number of outstanding shares has been calculated to be 2,99,24,895 shares. The 52-week high of Virtusa Corporation is $59.4 and the 52-week low is $30.55.

Virtusa Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Virtusa Corporation is Reiterated by Barrington Research to Outperform while Lowering the Price Target of the company shares to $ 46 from a previous price target of $50 . The Rating was issued on May 17, 2016.Virtusa Corporation is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 46 from a previous price target of $55 . The Rating was issued on May 16, 2016.Virtusa Corporation is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 55 from a previous price target of $58 . The Rating was issued on Apr 22, 2016.

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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