Cetera Investment Advisers Buys 4,745 Shares of Verra Mobility Corp $VRRM

Cetera Investment Advisers raised its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,440 shares of the company’s stock after purchasing an additional 4,745 shares during the period. Cetera Investment Advisers’ holdings in Verra Mobility were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of Verra Mobility by 4.2% during the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,891 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Verra Mobility by 2,258.8% in the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company’s stock valued at $1,874,000 after acquiring an additional 79,713 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Verra Mobility in the 1st quarter valued at about $816,000. Xponance Inc. lifted its holdings in shares of Verra Mobility by 4.9% in the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after acquiring an additional 586 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Verra Mobility by 10.1% in the 4th quarter. Bank of Montreal Can now owns 20,938 shares of the company’s stock valued at $506,000 after acquiring an additional 1,915 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on VRRM. 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 report on Thursday, May 8th. 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. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, UBS Group lowered their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Verra Mobility presently has an average rating of “Buy” and an average target price of $27.38.

Verra Mobility Stock Down 0.7%

Verra Mobility stock opened at $24.13 on Tuesday. The business has a fifty day moving average of $24.73 and a two-hundred day moving average of $23.67. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The firm has a market cap of $3.85 billion, a P/E ratio of 100.55, a P/E/G ratio of 2.84 and a beta of 0.79. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $236.03 million during the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%. Verra Mobility’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

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.