S Squared Technology Cut Virtusa Corp. (VRTU) Holding; Meridian Investment Counsel Has Raised Its Oracle (ORCL) Holding

April 20, 2018 - By Darrin Black

Virtusa Corporation (NASDAQ:VRTU) Logo

S Squared Technology Llc decreased Virtusa Corp. (VRTU) stake by 36.97% reported in 2017Q4 SEC filing. S Squared Technology Llc sold 38,963 shares as Virtusa Corp. (VRTU)’s stock rose 3.96%. The S Squared Technology Llc holds 66,437 shares with $2.93M value, down from 105,400 last quarter. Virtusa Corp. now has $1.41 billion valuation. The stock decreased 0.35% or $0.17 during the last trading session, reaching $47.73. About 149,641 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since April 20, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Meridian Investment Counsel Inc increased Oracle Corp (ORCL) stake by 111.31% reported in 2017Q4 SEC filing. Meridian Investment Counsel Inc acquired 12,705 shares as Oracle Corp (ORCL)’s stock declined 4.18%. The Meridian Investment Counsel Inc holds 24,119 shares with $1.14 million value, up from 11,414 last quarter. Oracle Corp now has $188.73B valuation. The stock decreased 1.26% or $0.59 during the last trading session, reaching $46.23. About 15.28M shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since April 20, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Among 10 analysts covering Virtusa (NASDAQ:VRTU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Virtusa had 38 analyst reports since July 29, 2015 according to SRatingsIntel. Maxim Group maintained the shares of VRTU in report on Thursday, February 8 with “Buy” rating. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Tuesday, February 9 by Needham. Barrington Research initiated the shares of VRTU in report on Thursday, August 20 with “Outperform” rating. The company was maintained on Wednesday, March 14 by Cantor Fitzgerald. Wedbush initiated it with “Neutral” rating and $29 target in Friday, September 9 report. Cowen & Co maintained Virtusa Corporation (NASDAQ:VRTU) on Thursday, October 12 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Friday, July 28. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Thursday, November 10 by Maxim Group. The firm has “Hold” rating given on Tuesday, August 8 by Maxim Group. Needham maintained Virtusa Corporation (NASDAQ:VRTU) on Wednesday, March 14 with “Buy” rating.

Since December 12, 2017, it had 0 insider buys, and 16 sales for $8.46 million activity. Another trade for 13,865 shares valued at $698,453 was made by Kalia Ranjan on Thursday, March 15. Modder Roger Keith also sold $625,351 worth of Virtusa Corporation (NASDAQ:VRTU) shares. 12,000 Virtusa Corporation (NASDAQ:VRTU) shares with value of $553,448 were sold by Canekeratne Kris A. Narayanan Sundararajan sold 3,422 shares worth $171,081. Rajgopal Raj sold $191,356 worth of stock. DAVOLI ROBERT E sold $68,186 worth of stock. Holler Thomas R sold $883,273 worth of Virtusa Corporation (NASDAQ:VRTU) on Thursday, March 15.

Investors sentiment increased to 1.5 in Q4 2017. Its up 0.70, from 0.8 in 2017Q3. It increased, as 7 investors sold VRTU shares while 51 reduced holdings. 37 funds opened positions while 50 raised stakes. 24.34 million shares or 3.51% less from 25.23 million shares in 2017Q3 were reported. Citadel Advsr Ltd Limited Liability Company holds 78,103 shares. Alliancebernstein Limited Partnership invested in 0.01% or 425,883 shares. 51 are held by Fny Managed Accounts Ltd Limited Liability Company. Clarivest Asset Management Ltd Liability Corp holds 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 15 shares. Fund Sa invested in 0% or 10,200 shares. Invesco has 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 150,041 shares. State Of Tennessee Treasury Department owns 21,178 shares for 0% of their portfolio. Quantbot Technologies LP reported 0.02% in Virtusa Corporation (NASDAQ:VRTU). Eam Investors Ltd stated it has 0.29% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Credit Suisse Ag owns 25,877 shares for 0% of their portfolio. Missouri-based Scout Inc has invested 0.07% in Virtusa Corporation (NASDAQ:VRTU). Great West Life Assurance Can reported 35,801 shares or 0% of all its holdings. State Street reported 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Portolan Capital Mgmt Ltd Liability Co has 0.56% invested in Virtusa Corporation (NASDAQ:VRTU) for 116,806 shares. Tudor Inv Et Al holds 10,800 shares.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on May, 15. They expect $0.37 EPS, up 48.00% or $0.12 from last year’s $0.25 per share. VRTU’s profit will be $10.89 million for 32.25 P/E if the $0.37 EPS becomes a reality. After $0.19 actual EPS reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 94.74% EPS growth.

S Squared Technology Llc increased Kratos Defense & Security Solu (NASDAQ:KTOS) stake by 100,000 shares to 1.81 million valued at $19.16M in 2017Q4. It also upped Axogen Inc. (NASDAQ:AXGN) stake by 27,786 shares and now owns 75,000 shares. Telaria Inc. was raised too.

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