Fairview Capital Investment Management LLC Buys 97,784 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Fairview Capital Investment Management LLC boosted its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,264,633 shares of the company's stock after buying an additional 97,784 shares during the period. Verra Mobility makes up 2.8% of Fairview Capital Investment Management LLC's portfolio, making the stock its 12th largest holding. Fairview Capital Investment Management LLC owned 1.37% of Verra Mobility worth $54,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after purchasing an additional 235,589 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Verra Mobility by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company's stock worth $48,987,000 after acquiring an additional 219,071 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after acquiring an additional 225,585 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Verra Mobility by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company's stock worth $14,893,000 after acquiring an additional 10,054 shares during the period. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock worth $1,069,000 after acquiring an additional 592 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VRRM shares. Morgan Stanley cut their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Robert W. Baird upped their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday. UBS Group cut their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Stock Performance

Shares of Verra Mobility stock remained flat at $24.28 during trading hours on Friday. 1,255,155 shares of the company's stock were exchanged, compared to its average volume of 1,172,894. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03. The stock has a market cap of $3.87 billion, a P/E ratio of 40.47, a P/E/G ratio of 2.18 and a beta of 0.80. The business has a 50 day simple moving average of $21.64 and a two-hundred day simple moving average of $23.62. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. As a group, research analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.