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Insider Selling: Kris Canekeratne Sold 3,000 Shares of Virtusa (VRTU); Loring Wolcott & Coolidge Fiduciary Advisors Llp Has Decreased Novartis Ag Adr (NVS) Holding

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Loring Wolcott & Coolidge Fiduciary Advisors Llp decreased Novartis Ag Adr (NVS) stake by 9.2% reported in 2017Q4 SEC filing. Loring Wolcott & Coolidge Fiduciary Advisors Llp sold 7,938 shares as Novartis Ag Adr (NVS)’s stock declined 4.22%. The Loring Wolcott & Coolidge Fiduciary Advisors Llp holds 78,376 shares with $6.58M value, down from 86,314 last quarter. Novartis Ag Adr now has $190.70 billion valuation. The stock increased 0.25% or $0.205 during the last trading session, reaching $81.245. About 1.50 million shares traded. Novartis AG (NYSE:NVS) has risen 5.79% since April 16, 2017 and is uptrending. It has underperformed by 5.76% the S&P500.

The stock increased 2.96% or $1.39 during the last trading session, reaching $48.36. About 127,387 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since April 16, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Since December 12, 2017, it had 0 insider purchases, and 16 insider sales for $8.46 million activity. $191,309 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by Rajgopal Raj. 3,422 shares valued at $171,081 were sold by Narayanan Sundararajan on Thursday, March 15. Modder Roger Keith sold 12,500 shares worth $625,351. Shares for $614,584 were sold by Canekeratne Kris A. Kalia Ranjan sold $698,453 worth of stock. $68,186 worth of stock was sold by DAVOLI ROBERT E on Tuesday, December 12. 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 Virtusa Corporation 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. Counselors Of Maryland Ltd Llc accumulated 499,139 shares. Rhumbline Advisers holds 0.01% or 63,081 shares in its portfolio. First Tru L P invested 0.01% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Northern Trust Corp owns 633,915 shares. Us Financial Bank De invested in 1,835 shares. 66,437 are owned by S Squared Limited Liability. Captrust Advisors holds 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 296 shares. 899,330 are owned by Thrivent Fin For Lutherans. Goldman Sachs Group holds 0% or 92,156 shares in its portfolio. Gemmer Asset Management accumulated 116 shares or 0% of the stock. Vanguard stated it has 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). 50 are held by Bessemer Grp Inc Inc. Miles Cap Inc owns 5,528 shares for 0.14% of their portfolio. State Of Tennessee Treasury Department holds 0% or 21,178 shares in its portfolio. Principal Gru reported 204,357 shares stake.

As shown in a legal document that’s filled with the U.S. Security & Exchange Commission on 16-04-2018, Kris Canekeratne, Chairman & CEO of Virtusa Corp and a well informed person, sold 3,000 shares of the company for an aggregate amount of $142,260 USD based on an average market price per share of $47.4. Kris Canekeratne owns 2.70% of the -company’s market cap or 795,692 shares.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on May, 15. They expect $0.37 earnings per share, up 48.00% or $0.12 from last year’s $0.25 per share. VRTU’s profit will be $10.89M for 32.68 P/E if the $0.37 EPS becomes a reality. After $0.19 actual earnings per share reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 94.74% EPS growth.

Virtusa Corporation operates as an information technology services company. The company has market cap of $1.42 billion. It offers business and IT consulting services comprising advisory/target operating model, business process re-engineering/BPM, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design ASD, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services. It has a 244.24 P/E ratio. 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.

Among 10 analysts covering Virtusa (NASDAQ:VRTU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Virtusa has $67 highest and $24 lowest target. $56.11’s average target is 16.03% above currents $48.36 stock price. Virtusa had 38 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, March 14 the stock rating was maintained by Needham with “Buy”. Barrington Research maintained Virtusa Corporation (NASDAQ:VRTU) on Tuesday, February 9 with “Outperform” rating. The rating was initiated by Barrington Research on Thursday, August 20 with “Outperform”. As per Wednesday, August 10, the company rating was maintained by Cantor Fitzgerald. Cantor Fitzgerald initiated the shares of VRTU in report on Friday, October 16 with “Buy” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, March 14. On Thursday, October 12 the stock rating was maintained by Cowen & Co with “Buy”. On Friday, February 9 the stock rating was maintained by Barrington with “Buy”. The stock has “Buy” rating by Maxim Group on Wednesday, January 25. The company was upgraded on Tuesday, April 10 by Needham.

Loring Wolcott & Coolidge Fiduciary Advisors Llp increased Thermo Fisher Scientific Inc (NYSE:TMO) stake by 2,554 shares to 192,083 valued at $36.47 million in 2017Q4. It also upped Celgene Corporation (NASDAQ:CELG) stake by 76,711 shares and now owns 1.13M shares. Fortive Corp was raised too.

Analysts await Novartis AG (NYSE:NVS) to report earnings on April, 24. They expect $1.32 earnings per share, up 16.81% or $0.19 from last year’s $1.13 per share. NVS’s profit will be $3.10B for 15.39 P/E if the $1.32 EPS becomes a reality. After $1.20 actual earnings per share reported by Novartis AG for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, July 26 by Morgan Stanley. Leerink Swann maintained Novartis AG (NYSE:NVS) rating on Thursday, January 25. Leerink Swann has “Market Perform” rating and $100 target. The stock of Novartis AG (NYSE:NVS) has “Underperform” rating given on Tuesday, April 12 by Morgan Stanley. JP Morgan maintained the stock with “Neutral” rating in Friday, March 24 report. Societe Generale upgraded the stock to “Buy” rating in Wednesday, March 8 report. The firm has “Buy” rating given on Monday, October 10 by Chardan Capital Markets. Citigroup downgraded Novartis AG (NYSE:NVS) on Tuesday, March 29 to “Neutral” rating. The firm earned “Market Perform” rating on Monday, October 23 by Leerink Swann. Leerink Swann downgraded the stock to “Market Perform” rating in Wednesday, March 23 report. The firm has “Sell” rating by Bank of America given on Wednesday, December 6.

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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