American Century Companies Inc. Lowers Holdings in Verra Mobility Corp $VRRM

American Century Companies Inc. reduced its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,268,319 shares of the company’s stock after selling 302,419 shares during the period. American Century Companies Inc. owned 1.42% of Verra Mobility worth $56,028,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VRRM. State of Wyoming increased its position in Verra Mobility by 1.5% during the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock worth $778,000 after purchasing an additional 454 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Verra Mobility by 14.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock valued at $97,000 after purchasing an additional 508 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Verra Mobility by 35.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock valued at $50,000 after buying an additional 526 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Verra Mobility by 9.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock worth $161,000 after buying an additional 574 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Verra Mobility by 13.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,703 shares of the company’s stock worth $116,000 after buying an additional 575 shares during the last quarter.

Verra Mobility Price Performance

NASDAQ VRRM opened at $16.50 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. Verra Mobility Corp has a fifty-two week low of $15.58 and a fifty-two week high of $25.83. The business has a 50 day moving average price of $20.07 and a two-hundred day moving average price of $22.27. The stock has a market cap of $2.63 billion, a PE ratio of 19.41, a P/E/G ratio of 2.68 and a beta of 0.60.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VRRM shares. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their target price on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Morgan Stanley dropped 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 research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.