Arizona State Retirement System Purchases 1,891 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Arizona State Retirement System grew its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,252 shares of the company’s stock after buying an additional 1,891 shares during the quarter. Arizona State Retirement System’s holdings in Verra Mobility were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew 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 worth $114,000 after buying an additional 4,031 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after buying an additional 409 shares during the last quarter. Headlands Technologies LLC bought a new stake in Verra Mobility during the fourth quarter worth about $228,000. Hancock Whitney Corp bought a new stake in Verra Mobility during the fourth quarter worth about $241,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of 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 in the last quarter.

Insiders Place Their Bets

In related news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider directly owned 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRRM. Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. UBS Group decreased their price target 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. Robert W. Baird increased their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Morgan Stanley decreased their price target 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, 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Verra Mobility presently has an average rating of “Buy” and an average price target of $27.38.

Verra Mobility Trading Down 0.9%

Shares of NASDAQ VRRM opened at $24.64 on Monday. The company’s 50 day simple moving average is $24.45 and its 200 day simple moving average is $23.82. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The firm has a market capitalization of $3.93 billion, a P/E ratio of 123.20, a P/E/G ratio of 2.37 and a beta of 0.77. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10.

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

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.