Motley Fool Asset Management LLC Buys 17,060 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Motley Fool Asset Management LLC lifted its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 27.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,260 shares of the company’s stock after buying an additional 17,060 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Verra Mobility were worth $1,762,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its stake in shares of Verra Mobility by 4.2% during the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock valued at $1,064,000 after buying an additional 1,891 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Verra Mobility by 2,258.8% during the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company’s stock valued at $1,874,000 after buying an additional 79,713 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Verra Mobility during the 1st quarter valued at approximately $816,000. Xponance Inc. lifted its stake in shares of Verra Mobility by 4.9% during the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after buying an additional 586 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Verra Mobility by 10.1% during the 4th quarter. Bank of Montreal Can now owns 20,938 shares of the company’s stock valued at $506,000 after buying an additional 1,915 shares in the last quarter.

Verra Mobility Stock Performance

NASDAQ VRRM opened at $23.69 on Tuesday. The company’s 50 day simple moving average is $24.74 and its two-hundred day simple moving average is $23.76. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The stock has a market capitalization of $3.78 billion, a PE ratio of 98.71, a P/E/G ratio of 2.77 and a beta of 0.79. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $28.25.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $236.03 million for the quarter, compared to analysts’ expectations of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. Analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VRRM has been the topic of a number of recent research reports. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. UBS Group lowered their target price on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Baird R W upgraded shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird increased their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $27.38.

Verra Mobility 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.