Verra Mobility Corp $VRRM Position Boosted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Verra Mobility Corp by 10.8%, holding 2,311,408 shares worth approximately $52 million as of the latest SEC filing.
• Verra Mobility reported a quarterly earnings per share of $0.34, exceeding analyst expectations, along with revenue of $236.03 million, a year-over-year increase of 6.1%.
• Analysts have varying ratings for Verra Mobility, with a consensus rating of "Buy" and a price target of $27.38, indicating positive expectations for the stock's performance.

American Century Companies Inc. boosted its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,311,408 shares of the company's stock after acquiring an additional 225,359 shares during the period. American Century Companies Inc. owned about 1.45% of Verra Mobility worth $52,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Verra Mobility by 76.6% during the first quarter. US Bancorp DE now owns 7,782 shares of the company's stock worth $175,000 after acquiring an additional 3,376 shares during the last quarter. Arizona State Retirement System grew its stake in Verra Mobility by 4.2% during the first quarter. Arizona State Retirement System now owns 47,252 shares of the company's stock worth $1,064,000 after buying an additional 1,891 shares during the period. GAMMA Investing LLC grew its stake in Verra Mobility by 2,258.8% during the first quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock worth $1,874,000 after buying an additional 79,713 shares during the period. SG Americas Securities LLC purchased a new stake in Verra Mobility during the first quarter worth approximately $816,000. Finally, Xponance Inc. grew its stake in Verra Mobility by 4.9% during the first quarter. Xponance Inc. now owns 12,451 shares of the company's stock worth $280,000 after buying an additional 586 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group dropped their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $27.88.

Verra Mobility Stock Performance

Shares of VRRM stock traded up $0.94 during trading hours on Friday, reaching $25.54. The stock had a trading volume of 854,032 shares, compared to its average volume of 1,038,783. The firm has a 50-day simple moving average of $24.77 and a 200-day simple moving average of $23.67. The firm has a market capitalization of $4.07 billion, a PE ratio of 106.42, a price-to-earnings-growth ratio of 2.88 and a beta of 0.79. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $236.03 million during the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. Verra Mobility's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

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.