Victory Capital Management Inc. Decreases Stake in Verra Mobility Co. (NASDAQ:VRRM)

Victory Capital Management Inc. reduced its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 249,229 shares of the company’s stock after selling 12,707 shares during the period. Victory Capital Management Inc.’s holdings in Verra Mobility were worth $6,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRRM. Quest Partners LLC lifted its stake in Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after purchasing an additional 953 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after buying an additional 2,740 shares during the period. Blue Trust Inc. raised its holdings in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after buying an additional 694 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Verra Mobility by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,169 shares of the company’s stock worth $113,000 after acquiring an additional 1,108 shares during the last quarter.

Verra Mobility Trading Up 1.0 %

Shares of VRRM stock opened at $23.19 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.05 and a beta of 1.27. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a twelve month low of $19.63 and a twelve month high of $31.03. The firm has a 50-day moving average price of $25.94 and a 200 day moving average price of $27.02.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Morgan Stanley cut their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird decreased their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

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.