Nisa Investment Advisors LLC Sells 533 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Nisa Investment Advisors LLC reduced its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,765 shares of the company’s stock after selling 533 shares during the period. Nisa Investment Advisors LLC’s holdings in Verra Mobility were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRRM. Aster Capital Management DIFC Ltd raised its stake in Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock valued at $114,000 after purchasing an additional 4,031 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after acquiring an additional 409 shares during the period. Headlands Technologies LLC acquired a new stake in Verra Mobility during the 4th quarter worth $228,000. Hancock Whitney Corp purchased a new stake in Verra Mobility in the 4th quarter valued at about $241,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Verra Mobility by 32.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company’s stock worth $258,000 after purchasing an additional 2,823 shares during the period.

Verra Mobility Trading Down 0.4%

Verra Mobility stock opened at $24.87 on Friday. The firm’s fifty day moving average price is $24.44 and its 200-day moving average price is $23.82. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The stock has a market cap of $3.97 billion, a P/E ratio of 124.35, a PEG ratio of 2.40 and a beta of 0.77.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million during 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Equities research analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Robert W. Baird raised their price objective on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 12th. Finally, UBS Group cut their price objective on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.38.

Insider Transactions at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the company’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 transaction, the insider owned 1,179 shares in the company, valued at approximately $28,626.12. This represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.05% of the stock is currently owned by company insiders.

Verra Mobility Company 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.