Amundi Sells 16,763 Shares of Verra Mobility Corp $VRRM

Amundi trimmed its stake in Verra Mobility Corp (NASDAQ:VRRM) by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,403 shares of the company’s stock after selling 16,763 shares during the period. Amundi’s holdings in Verra Mobility were worth $1,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRRM. Price T Rowe Associates Inc. MD grew its position in Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock worth $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock worth $107,862,000 after purchasing an additional 994,775 shares during the last quarter. Sunriver Management LLC grew its position in Verra Mobility by 38.6% in the 1st quarter. Sunriver Management LLC now owns 1,920,395 shares of the company’s stock worth $43,228,000 after purchasing an additional 534,810 shares during the last quarter. Sycale Advisors NY LLC acquired a new stake in Verra Mobility in the 4th quarter worth $12,654,000. Finally, Tidal Investments LLC acquired a new stake in Verra Mobility in the 4th quarter worth $11,755,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Robert W. Baird lifted their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $27.88.

Verra Mobility Trading Down 1.9%

Shares of VRRM stock opened at $24.59 on Friday. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $28.25. The company has a market capitalization of $3.92 billion, a P/E ratio of 102.46, a P/E/G ratio of 2.93 and a beta of 0.80. The firm has a 50-day moving average price of $24.74 and a 200 day moving average price of $23.53. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93.

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