Bell Asset Management Ltd Increases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Bell Asset Management Ltd raised its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 237,177 shares of the company's stock after purchasing an additional 53,306 shares during the quarter. Bell Asset Management Ltd owned 0.14% of Verra Mobility worth $5,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after purchasing an additional 36,585 shares during the last quarter. Barclays PLC grew its stake in shares of Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after buying an additional 235,589 shares during the last quarter. State Street Corp increased its holdings in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock worth $175,234,000 after buying an additional 357,078 shares in the last quarter. Stifel Financial Corp grew its position in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company's stock worth $1,590,000 after acquiring an additional 36,705 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in Verra Mobility in the 3rd quarter worth about $857,000.

Analyst Ratings Changes

Separately, Morgan Stanley reduced their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th.

Verra Mobility Stock Up 0.3 %

Shares of NASDAQ:VRRM traded up $0.07 during trading on Friday, reaching $21.80. 1,125,014 shares of the stock were exchanged, compared to its average volume of 1,146,645. The stock has a fifty day moving average of $23.03 and a two-hundred day moving average of $24.34. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91.

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.