Braun Stacey Associates Inc. Sells 359,464 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Braun Stacey Associates Inc. trimmed its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 83.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,250 shares of the company's stock after selling 359,464 shares during the period. Braun Stacey Associates Inc.'s holdings in Verra Mobility were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 102,575 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Verra Mobility in the 4th quarter valued at approximately $303,000. Raymond James Financial Inc. purchased a new stake in Verra Mobility in the 4th quarter worth approximately $5,218,000. Finally, Edgestream Partners L.P. lifted its position in Verra Mobility by 35.3% in the 4th quarter. Edgestream Partners L.P. now owns 342,375 shares of the company's stock worth $8,279,000 after buying an additional 89,248 shares in the last quarter.

Insider Transactions at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider directly owned 1,179 shares of the company's stock, valued at $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.05% of the company's stock.

Verra Mobility Stock Performance

NASDAQ:VRRM traded down $0.16 during mid-day trading on Tuesday, reaching $25.04. 653,129 shares of the company's stock were exchanged, compared to its average volume of 1,160,672. Verra Mobility Corp has a one year low of $19.51 and a one year high of $31.03. The firm has a market capitalization of $3.99 billion, a PE ratio of 125.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.77. The business's fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $23.77. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRRM. Robert W. Baird raised their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. 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, May 8th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered 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 research report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Verra Mobility currently has an average rating of "Buy" and a consensus price target of $27.38.

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.