Intech Investment Management LLC Acquires 13,636 Shares of Verra Mobility Corp $VRRM

Intech Investment Management LLC grew its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 19.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,066 shares of the company’s stock after purchasing an additional 13,636 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Verra Mobility worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Verra Mobility by 12.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after purchasing an additional 1,153,573 shares in the last quarter. Wellington Management Group LLP grew its stake in Verra Mobility by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock valued at $178,335,000 after buying an additional 386,760 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Verra Mobility by 155.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock valued at $118,866,000 after buying an additional 3,215,973 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Verra Mobility by 9.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company’s stock valued at $109,701,000 after buying an additional 412,649 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Verra Mobility by 3.5% in the 1st quarter. Northern Trust Corp now owns 2,426,306 shares of the company’s stock valued at $54,616,000 after buying an additional 83,168 shares during the last quarter.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $24.07 on Wednesday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The firm’s 50-day simple moving average is $24.70 and its 200-day simple moving average is $23.51. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25. The firm has a market cap of $3.84 billion, a P/E ratio of 100.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share 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 business had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VRRM has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. One 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, the company has an average rating of “Buy” and a consensus target price of $27.88.

Verra Mobility 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.