Victory Capital Management Inc. Decreases Stock Position in VERRA MOBILITY CORP (NASDAQ:VRRM)

Victory Capital Management Inc. lessened its stake in shares of VERRA MOBILITY CORP (NASDAQ:VRRM) by 77.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,185 shares of the company’s stock after selling 186,525 shares during the period. Victory Capital Management Inc.’s holdings in VERRA MOBILITY were worth $1,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in VERRA MOBILITY by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock valued at $425,861,000 after buying an additional 159,348 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in VERRA MOBILITY by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company’s stock valued at $220,323,000 after buying an additional 837,648 shares during the period. Westwood Holdings Group Inc. raised its holdings in VERRA MOBILITY by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock valued at $107,862,000 after buying an additional 994,775 shares during the period. Dimensional Fund Advisors LP raised its holdings in VERRA MOBILITY by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company’s stock valued at $79,037,000 after buying an additional 71,031 shares during the period. Finally, Northern Trust Corp raised its holdings in VERRA MOBILITY by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,343,138 shares of the company’s stock valued at $56,657,000 after buying an additional 39,777 shares during the period.

Insider Activity

In other news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction on Friday, May 9th. The stock was 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 of the company’s stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.05% of the company’s stock.

VERRA MOBILITY Stock Performance

Shares of VERRA MOBILITY stock opened at $25.29 on Thursday. The stock’s fifty day moving average is $24.60 and its two-hundred day moving average is $23.84. The company has a market capitalization of $4.03 billion, a PE ratio of 126.45, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. VERRA MOBILITY CORP has a 52 week low of $19.51 and a 52 week high of $30.71.

VERRA MOBILITY (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. VERRA MOBILITY had a return on equity of 51.05% and a net margin of 3.88%. The business had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that VERRA MOBILITY CORP will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

VRRM has been the topic of several recent research reports. UBS Group decreased their price target on VERRA MOBILITY from $31.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded VERRA MOBILITY from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Baird R W raised VERRA MOBILITY from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Robert W. Baird upped their price objective on VERRA MOBILITY from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, VERRA MOBILITY has an average rating of “Buy” and a consensus target price of $27.38.

About VERRA MOBILITY

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.