Mutual of America Capital Management LLC Lowers Stock Holdings in Verra Mobility Corp $VRRM

Mutual of America Capital Management LLC trimmed its stake in Verra Mobility Corp (NASDAQ:VRRM) by 14.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,480 shares of the company’s stock after selling 3,519 shares during the period. Mutual of America Capital Management LLC’s holdings in Verra Mobility were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in VRRM. Oppenheimer Asset Management Inc. boosted its position in Verra Mobility by 32.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company’s stock valued at $258,000 after buying an additional 2,823 shares during the period. Teacher Retirement System of Texas purchased a new stake in Verra Mobility in the 1st quarter valued at about $541,000. Xponance Inc. boosted its position in 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 buying an additional 586 shares during the period. Arizona State Retirement System boosted its position in Verra Mobility by 4.2% in the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock valued at $1,064,000 after buying an additional 1,891 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Verra Mobility by 0.5% in the 1st quarter. New York State Common Retirement Fund now owns 837,397 shares of the company’s stock valued at $18,850,000 after purchasing an additional 4,575 shares in the last quarter.

Verra Mobility Trading Down 0.5%

NASDAQ:VRRM opened at $24.00 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 has a market cap of $3.83 billion, a P/E ratio of 100.00, a P/E/G ratio of 2.82 and a beta of 0.77. The firm has a 50-day simple moving average of $24.47 and a 200-day simple moving average of $24.13. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on VRRM. Robert W. Baird boosted their price target on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Verra Mobility in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Verra Mobility presently has a consensus rating of “Moderate 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.