Virtusa (VRTU) Forms $46.13 Double Top; Pier Capital Has Lowered By $620,179 Its Rogers (ROG) Position

Virtusa Corporation (VRTU) formed double top with $48.44 target or 5.00% above today’s $46.13 share price. Virtusa Corporation (VRTU) has $1.36B valuation. The stock decreased 1.22% or $0.57 during the last trading session, reaching $46.13. About 9,158 shares traded. Virtusa Corporation (NASDAQ:VRTU) has declined 13.10% since January 23, 2017 and is downtrending. It has underperformed by 29.80% the S&P500.

Pier Capital Llc decreased Rogers Corporation (ROG) stake by 8.73% reported in 2017Q3 SEC filing. Pier Capital Llc sold 4,663 shares as Rogers Corporation (ROG)’s stock rose 35.82%. The Pier Capital Llc holds 48,754 shares with $6.50M value, down from 53,417 last quarter. Rogers Corporation now has $3.05B valuation. The stock decreased 0.42% or $0.7 during the last trading session, reaching $167.22. About 13,342 shares traded. Rogers Corporation (NYSE:ROG) has risen 78.68% since January 23, 2017 and is uptrending. It has outperformed by 61.98% the S&P500.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on February, 8. They expect $0.30 earnings per share, up 11.11% or $0.03 from last year’s $0.27 per share. VRTU’s profit will be $8.81M for 38.44 P/E if the $0.30 EPS becomes a reality. After $0.22 actual earnings per share reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

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. Wedbush upgraded the stock to “Outperform” rating in Friday, January 6 report. The firm has “Buy” rating by Needham given on Wednesday, July 29. The rating was maintained by Cowen & Co on Friday, July 28 with “Buy”. As per Wednesday, August 10, the company rating was maintained by Cantor Fitzgerald. Barrington Research maintained the stock with “Outperform” rating in Tuesday, February 9 report. The rating was upgraded by Maxim Group to “Buy” on Thursday, November 9. Barrington Research maintained Virtusa Corporation (NASDAQ:VRTU) on Thursday, November 5 with “Outperform” rating. The stock has “Buy” rating by Maxim Group on Wednesday, January 25. The firm has “Outperform” rating given on Thursday, August 20 by Barrington Research. The company was maintained on Thursday, November 5 by Needham.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.46, from 1.26 in 2017Q2. It is negative, 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. Hussman Strategic accumulated 50,000 shares. State Common Retirement Fund owns 52,853 shares. Usa Financial Portformulas Corp invested in 0.09% or 10,147 shares. Deutsche Bancorp Ag has 27,748 shares for 0% of their portfolio. Thrivent Fincl For Lutherans, Minnesota-based fund reported 898,998 shares. Barclays Public Lc has invested 0% in Virtusa Corporation (NASDAQ:VRTU). State Of Alaska Department Of Revenue invested in 5,490 shares. The United Kingdom-based Jupiter Asset Mngmt Ltd has invested 0.16% in Virtusa Corporation (NASDAQ:VRTU). Kirr Marbach & Ltd Limited Liability Company In reported 10,210 shares. Macquarie Group Limited has 1,100 shares for 0% of their portfolio. Portolan Capital Management Ltd Com invested 0.53% in Virtusa Corporation (NASDAQ:VRTU). Jpmorgan Chase & Com holds 0% in Virtusa Corporation (NASDAQ:VRTU) or 31,869 shares. Alabama-based Mesirow Fincl Inv has invested 1.05% in Virtusa Corporation (NASDAQ:VRTU). Kornitzer Mgmt Inc Ks holds 50,400 shares or 0.03% of its portfolio. Arizona State Retirement System, a Arizona-based fund reported 14,155 shares.

Since August 10, 2017, it had 0 buys, and 16 sales for $5.62 million activity. $152,998 worth of Virtusa Corporation (NASDAQ:VRTU) shares were sold by Rajgopal Raj. Another trade for 12,000 shares valued at $553,448 was made by Canekeratne Kris A on Wednesday, January 10. DAVOLI ROBERT E also sold $68,186 worth of Virtusa Corporation (NASDAQ:VRTU) on Tuesday, December 12. TRUST MARTIN had sold 3,080 shares worth $109,494 on Wednesday, August 30.

Among 4 analysts covering Rogers Corp (NYSE:ROG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rogers Corp had 13 analyst reports since October 2, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 10 by B. Riley & Co. The rating was downgraded by Sidoti on Wednesday, November 16 to “Neutral”. The stock has “Buy” rating by Sidoti on Wednesday, April 12. The firm earned “Buy” rating on Friday, November 3 by Needham. The firm earned “Buy” rating on Wednesday, August 2 by Needham. The rating was maintained by Needham on Tuesday, December 19 with “Buy”. The firm has “Buy” rating by FBR Capital given on Friday, December 15. B. Riley & Co maintained Rogers Corporation (NYSE:ROG) rating on Tuesday, August 15. B. Riley & Co has “Buy” rating and $14700 target. The firm earned “Buy” rating on Tuesday, September 13 by Needham. As per Friday, April 28, the company rating was maintained by Needham.

Pier Capital Llc increased Kornit Digital Ltd stake by 64,581 shares to 441,631 valued at $6.76 million in 2017Q3. It also upped Hostess Brands Inc stake by 27,468 shares and now owns 404,876 shares. Ollies Bargain Outlet Holdings was raised too.

Analysts await Rogers Corporation (NYSE:ROG) to report earnings on February, 19. They expect $1.42 EPS, up 51.06% or $0.48 from last year’s $0.94 per share. ROG’s profit will be $25.91M for 29.44 P/E if the $1.42 EPS becomes a reality. After $1.41 actual EPS reported by Rogers Corporation for the previous quarter, Wall Street now forecasts 0.71% EPS growth.