Braun Stacey Associates Inc. Lowers Position in Verra Mobility Corp (NASDAQ:VRRM)

Braun Stacey Associates Inc. decreased its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 83.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & 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 SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Verra Mobility by 245.1% during the 4th 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 in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after acquiring an additional 4,031 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after acquiring an additional 409 shares in the last quarter. Headlands Technologies LLC purchased a new position in Verra Mobility during the 4th quarter valued at about $228,000. Finally, Hancock Whitney Corp purchased a new position in Verra Mobility during the 4th quarter valued at about $241,000.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction that occurred on 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 directly owned 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group dropped their target price 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. Morgan Stanley dropped their target price 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 raised their target price 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. Finally, Baird R W upgraded 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Verra Mobility presently has a consensus rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Trading Up 0.4%

Shares of NASDAQ VRRM traded up $0.11 during midday trading on Friday, reaching $25.64. 339,400 shares of the stock were exchanged, compared to its average volume of 1,162,205. The company has a market capitalization of $4.09 billion, a P/E ratio of 128.18, a P/E/G ratio of 2.46 and a beta of 0.77. Verra Mobility Corp has a 52-week low of $19.51 and a 52-week high of $31.03. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 3.45. The stock has a 50 day moving average price of $23.97 and a 200-day moving average price of $23.75.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million during 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 company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Equities research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal 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.