33,223 Shares in Verra Mobility Co. (NASDAQ:VRRM) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,223 shares of the company’s stock, valued at approximately $924,000.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after acquiring an additional 193,686 shares in the last quarter. Swedbank AB bought a new stake in shares of Verra Mobility in the 1st quarter valued at about $26,218,000. SG Americas Securities LLC lifted its position in shares of Verra Mobility by 459.0% in the 2nd quarter. SG Americas Securities LLC now owns 27,139 shares of the company’s stock worth $738,000 after purchasing an additional 22,284 shares during the period. Braun Stacey Associates Inc. boosted its stake in shares of Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after purchasing an additional 262,509 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in Verra Mobility by 28.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 58,918 shares of the company’s stock valued at $1,603,000 after buying an additional 13,201 shares during the period.

Verra Mobility Price Performance

NASDAQ VRRM opened at $23.57 on Friday. The firm’s fifty day simple moving average is $25.67 and its two-hundred day simple moving average is $26.93. 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 12-month low of $19.67 and a 12-month high of $31.03. The firm has a market capitalization of $3.88 billion, a P/E ratio of 39.28, a P/E/G ratio of 2.14 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. 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 earned $0.27 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley cut their price objective 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.

About Verra Mobility

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.