Vestcor Inc Sells 682 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Vestcor Inc trimmed its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,318 shares of the company’s stock after selling 682 shares during the quarter. Vestcor Inc’s holdings in Verra Mobility were worth $255,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Xponance Inc. raised its holdings in Verra Mobility by 4.9% in the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock worth $280,000 after purchasing an additional 586 shares during the period. Cetera Investment Advisers raised its holdings in Verra Mobility by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 13,695 shares of the company’s stock worth $331,000 after purchasing an additional 1,218 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in Verra Mobility by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 48,064 shares of the company’s stock worth $1,082,000 after purchasing an additional 1,269 shares during the period. MetLife Investment Management LLC raised its holdings in Verra Mobility by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 97,915 shares of the company’s stock worth $2,368,000 after purchasing an additional 1,855 shares during the period. Finally, Arizona State Retirement System raised its holdings in Verra Mobility by 4.2% in the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,891 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. UBS Group decreased their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Robert W. Baird raised their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $27.38.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $25.27 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. The business’s 50-day simple moving average is $24.69 and its two-hundred day simple moving average is $23.82. The stock has a market cap of $4.03 billion, a PE ratio of 126.35, a P/E/G ratio of 2.37 and a beta of 0.79. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $29.18.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million for the quarter, compared to analysts’ expectations of $216.94 million. Verra Mobility had a return on equity of 51.05% and a net margin of 3.88%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. As a group, analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the transaction, the insider owned 1,179 shares in the company, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.05% of the stock is currently owned by insiders.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.