EmergingGrowth.com, a leading digital financial media company, Reports on Virtusa Corp (NASDAQ: VRTU). Also see recent reports on Road Runner Transportation (RRTS) and United Parcel Service (NYSE: UPS).
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Those more optimistic investors, who believe the first half of 2013 will be a good year, will be provided with several good buying opportunities. Right now the global economy appears to be stronger than most expected, and investing global may be one of the more profitable strategies in the forthcoming year. Virtusa Corp (NASDAQ: VRTU) is a global company that provides information technology (IT) consulting and outsourcing services in North America, Europe, the Middle East, and Asia. VRTU is expected to increase revenue above the industry average rate over the next few years, which when coupled with margin expansion, should drive its above average earnings growth over the next few years.
There has been a significant amount of insider buying recently that has spurred interest in the stock. In November, Virtusa Corp’s Director, Rowland T. Moriarty made a $462,477 purchase of VRTU, buying 30,000 shares at a cost of $15.42. Before this latest buy, Moriarty bought VRTU at two other times during the past year, for a total cost of $241,771 at an average price of $14.22 per share. Vice President of Virtusa, Samir Dihr purchased shares in November as well, with a few other directors buying in October and November.
The company currently trades around $16.00 a share, and has a buy recommendation from JP Morgan with a price target of $22.00. Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Virtusa is a buy, with an average price target of $20.33. In its last earnings announcement compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly. The company is expected to outperform in 2013 as IT outsourcing and consulting services grow. Any pullback in the stock should be considered an investable growth opportunity.
On Monday EmergingGrowth.com reported on Roadrunner Transportation (NYSE: RRTS) is a leading asset-light transportation and logistics services company headquartered in Cudahy, Wisconsin. Roadrunner offers a full array of solutions, truckload and logistics, transportation management solutions, and domestic and international air. With a market cap of $533mm the company is one of the smaller players in the industry, competing against titans such as CH Robison Worldwide (NASDAQ: CHRW), market cap $10.25bln and UPS (NYSE: UPS), market cap $71.4bln. Some other smaller competitors in the industry include Con-way (NYSE: CNW), market cap $1.6bln and YRC Worldwide (NASDAQ: YRCW), market cap of $52.5mm.
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