American Century Companies Inc. Raises Position in Verra Mobility Corp $VRRM

American Century Companies Inc. boosted its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,570,738 shares of the company’s stock after buying an additional 259,330 shares during the quarter. American Century Companies Inc. owned 1.61% of Verra Mobility worth $65,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Verra Mobility by 155.8% in the first 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 purchasing an additional 3,215,973 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Verra Mobility by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock worth $231,074,000 after buying an additional 1,153,573 shares during the period. Bessemer Group Inc. increased its stake in shares of Verra Mobility by 60,338.2% in the second quarter. Bessemer Group Inc. now owns 1,130,799 shares of the company’s stock worth $28,711,000 after acquiring an additional 1,128,928 shares during the period. Sunriver Management LLC grew its holdings in Verra Mobility by 38.6% during the first quarter. Sunriver Management LLC now owns 1,920,395 shares of the company’s stock worth $43,228,000 after acquiring an additional 534,810 shares during the period. Finally, Nuveen LLC purchased a new stake in Verra Mobility during the first quarter worth $10,209,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VRRM. UBS Group lifted their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird raised their price objective on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research note on Wednesday, November 19th. Finally, Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $21.84 on Friday. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $27.20. The stock has a fifty day moving average price of $23.50 and a 200 day moving average price of $24.18. The company has a market cap of $3.48 billion, a PE ratio of 68.25, a P/E/G ratio of 2.79 and a beta of 0.76. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The business had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. During the same period in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Sell-side analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current 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.