Verra Mobility Corp $VRRM Shares Sold by Perpetual Ltd

Perpetual Ltd cut its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 67.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,311 shares of the company’s stock after selling 57,232 shares during the quarter. Perpetual Ltd’s holdings in Verra Mobility were worth $612,000 at the end of the most recent reporting period.

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

Verra Mobility Stock Performance

Shares of VRRM stock opened at $14.52 on Monday. Verra Mobility Corp has a 1 year low of $13.84 and a 1 year high of $25.83. The firm has a market capitalization of $2.20 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.37 and a beta of 0.68. The stock has a fifty day moving average of $16.83 and a two-hundred day moving average of $20.78. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly 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). The business had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. Verra Mobility’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, research analysts expect that Verra Mobility Corp will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

VRRM has been the topic of several analyst reports. Weiss Ratings reaffirmed 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 target on shares of Verra Mobility in a research report on Wednesday, February 25th. Morgan Stanley dropped their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Finally, Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Verra Mobility has an average rating of “Hold” and a consensus target price of $23.50.

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.