Campbell & CO Investment Adviser LLC Decreases Stock Position in Verra Mobility Corp $VRRM

Campbell & CO Investment Adviser LLC trimmed its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 57.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,822 shares of the company’s stock after selling 25,903 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Verra Mobility were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRRM. Norges Bank purchased a new position in Verra Mobility in the 2nd quarter valued at about $49,577,000. Bessemer Group Inc. increased its position in shares of Verra Mobility by 60,338.2% during 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 last quarter. Man Group plc lifted its stake in shares of Verra Mobility by 93.3% in the second quarter. Man Group plc now owns 1,157,292 shares of the company’s stock worth $29,384,000 after acquiring an additional 558,727 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Verra Mobility by 15.8% in the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock valued at $65,579,000 after purchasing an additional 352,942 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Verra Mobility by 22.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,701,636 shares of the company’s stock valued at $43,205,000 after purchasing an additional 313,449 shares in the last quarter.

Analysts Set New Price Targets

VRRM has been the topic of several analyst reports. Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. UBS Group raised their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Stock Performance

VRRM stock opened at $21.90 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 market capitalization of $3.49 billion, a price-to-earnings ratio of 68.44, a PEG ratio of 3.49 and a beta of 0.60. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.35 and a current ratio of 2.45. The stock’s fifty day moving average is $22.14 and its two-hundred day moving average is $23.59.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $261.94 million for the quarter, compared to analysts’ expectations of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, research analysts predict that Verra Mobility Corp will post 1.08 EPS for the current year.

Verra Mobility 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.