Fifth Third Bancorp Purchases 138,902 Shares of Verra Mobility Corp $VRRM

Fifth Third Bancorp grew its position in Verra Mobility Corp (NASDAQ:VRRM) by 14,423.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,865 shares of the company’s stock after purchasing an additional 138,902 shares during the period. Fifth Third Bancorp owned about 0.09% of Verra Mobility worth $1,999,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VRRM. Victory Capital Management Inc. increased its stake in Verra Mobility by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock valued at $1,126,000 after buying an additional 511 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Verra Mobility by 6.3% in the 3rd quarter. Lido Advisors LLC now owns 10,025 shares of the company’s stock worth $248,000 after buying an additional 595 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Verra Mobility by 100.7% in the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after buying an additional 751 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Verra Mobility by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 5,640 shares of the company’s stock valued at $126,000 after acquiring an additional 937 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Verra Mobility by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 31,067 shares of the company’s stock valued at $696,000 after acquiring an additional 969 shares in the last quarter.

Key Headlines Impacting Verra Mobility

Here are the key news stories impacting Verra Mobility this week:

• Positive Sentiment: No clearly positive company-specific catalysts were reported in the latest news batch.
• Neutral Sentiment: Multiple law firms, including Rosen, Pomerantz, Faruqi & Faruqi, and others, issued reminders about the August 4 lead-plaintiff deadline in the pending VRRM securities class action. Deadline Alert article
• Neutral Sentiment: Hagens Berman said it is broadening its investigation after Verra disclosed an abrupt leadership transition and the loss of a major contract, adding to uncertainty around future revenue and execution. Hagens Berman deadline article
• Neutral Sentiment: Brokerage commentary also pointed to an average rating of “Reduce,” which can add to negative sentiment but is not a direct operating update. Brokerage rating article
• Negative Sentiment: The concentration of lawsuit-related headlines suggests investors are worried about the stock’s legal overhang, possible settlement costs, and whether the earlier contract disruption exposed deeper business risks for Verra Mobility. Rosen deadline article

Verra Mobility Stock Performance

Shares of VRRM opened at $4.00 on Thursday. Verra Mobility Corp has a 1 year low of $3.40 and a 1 year high of $25.57. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. The stock’s fifty day moving average price is $5.97 and its two-hundred day moving average price is $13.27. The firm has a market cap of $607.64 million, a PE ratio of 4.88 and a beta of 0.43.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Verra Mobility had a return on equity of 55.59% and a net margin of 13.38%.The company had revenue of $223.57 million during the quarter, compared to analyst estimates of $223.34 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities research analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on Verra Mobility from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $9.00 target price (down from $22.00) on shares of Verra Mobility in a research report on Wednesday, May 27th. Zacks Research cut Verra Mobility from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Northcoast Research reissued a “neutral” rating on shares of Verra Mobility in a report on Wednesday, May 27th. Finally, CJS Securities downgraded shares of Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a report on Wednesday, May 27th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $6.50.

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.