Bell Asset Management Ltd Sells 72,221 Shares of Verra Mobility Corp $VRRM

Bell Asset Management Ltd lessened its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 33.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,454 shares of the company’s stock after selling 72,221 shares during the period. Bell Asset Management Ltd owned about 0.09% of Verra Mobility worth $3,593,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC raised its stake in Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after buying an additional 1,217 shares during the last quarter. Neo Ivy Capital Management bought a new position in Verra Mobility in the 3rd quarter worth about $60,000. Osaic Holdings Inc. grew its position in Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Verra Mobility by 46.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock valued at $87,000 after purchasing an additional 1,087 shares during the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $16.47 on Monday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The business has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $22.19. Verra Mobility Corp has a fifty-two week low of $15.58 and a fifty-two week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company had revenue of $257.86 million for the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.75.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.