Yousif Capital Management LLC Sells 1,289 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Yousif Capital Management LLC lessened its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,479 shares of the company’s stock after selling 1,289 shares during the quarter. Yousif Capital Management LLC’s holdings in Verra Mobility were worth $1,384,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VRRM. New York State Teachers Retirement System boosted its stake in shares of Verra Mobility by 24.9% in the 4th quarter. New York State Teachers Retirement System now owns 78,842 shares of the company’s stock valued at $1,906,000 after purchasing an additional 15,719 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Verra Mobility by 26.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company’s stock valued at $2,206,000 after purchasing an additional 19,177 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Verra Mobility by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 541,289 shares of the company’s stock valued at $13,088,000 after purchasing an additional 9,571 shares during the last quarter. Alberta Investment Management Corp boosted its stake in shares of Verra Mobility by 61.6% in the 4th quarter. Alberta Investment Management Corp now owns 105,497 shares of the company’s stock valued at $2,551,000 after purchasing an additional 40,197 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Verra Mobility by 5.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock valued at $101,938,000 after purchasing an additional 200,000 shares during the last quarter.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $23.99 on Wednesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. The company has a market capitalization of $3.82 billion, a P/E ratio of 119.95, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company’s 50 day moving average price is $23.12 and its two-hundred day moving average price is $23.63. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. On average, analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider now directly owns 1,179 shares in the company, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on VRRM. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Morgan Stanley reduced their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, Robert W. Baird lifted their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $27.38.

Verra Mobility Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.