Edgestream Partners L.P. Boosts Stock Position in Verra Mobility Corp (NASDAQ:VRRM)

Edgestream Partners L.P. boosted its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 31.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 450,983 shares of the company's stock after buying an additional 108,608 shares during the period. Edgestream Partners L.P. owned approximately 0.28% of Verra Mobility worth $10,152,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after acquiring an additional 159,348 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Verra Mobility by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock valued at $220,323,000 after purchasing an additional 837,648 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock worth $107,862,000 after purchasing an additional 994,775 shares during the period. Dimensional Fund Advisors LP lifted its stake in Verra Mobility by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock worth $79,037,000 after purchasing an additional 71,031 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Verra Mobility by 6.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock valued at $69,017,000 after buying an additional 181,072 shares during the period.

Insider Activity

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 transaction, the insider owned 1,179 shares of the company's stock, valued at $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.05% of the company's stock.

Analyst Ratings Changes

VRRM has been the topic of a number of analyst reports. UBS Group cut their target price 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 lifted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Finally, Morgan Stanley lowered their price objective 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 research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Stock Down 0.4%

Shares of VRRM stock traded down $0.09 during mid-day trading on Thursday, hitting $24.87. The stock had a trading volume of 1,109,123 shares, compared to its average volume of 1,143,748. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $31.03. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. The firm's 50-day moving average is $24.44 and its two-hundred day moving average is $23.82. The firm has a market capitalization of $3.97 billion, a P/E ratio of 124.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77.

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, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

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.