Armis Advisers LLC Makes New $307,000 Investment in Verra Mobility Co. (NASDAQ:VRRM)

Armis Advisers LLC acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,709 shares of the company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in 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 purchasing an additional 235,589 shares during the period. LPL Financial LLC raised its position in shares of Verra Mobility by 8.4% in the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after buying an additional 11,772 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Verra Mobility in the fourth quarter valued at $2,348,000. Smartleaf Asset Management LLC grew its position in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after acquiring an additional 1,640 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Verra Mobility by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock worth $44,062,000 after acquiring an additional 102,575 shares during the last quarter.

Verra Mobility Stock Down 0.9%

NASDAQ:VRRM traded down $0.21 during trading hours on Thursday, hitting $23.84. The stock had a trading volume of 425,921 shares, compared to its average volume of 1,178,315. The company has a market cap of $3.80 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The business has a 50 day simple moving average of $22.46 and a two-hundred day simple moving average of $23.56. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. 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 (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $223.25 million during 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 revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Analysts predict that Verra Mobility Co. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VRRM shares. UBS Group reduced their price objective on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird increased their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Morgan Stanley cut 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 research note on Thursday, March 27th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $27.38.

Insider Buying and Selling at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares of the company's stock, valued at approximately $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.05% of the stock is owned by insiders.

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.