Edgestream Partners L.P. Has $10.15 Million Position in Verra Mobility Corp (NASDAQ:VRRM)

Edgestream Partners L.P. lifted its position in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 31.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,983 shares of the company's stock after purchasing an additional 108,608 shares during the period. Edgestream Partners L.P. owned about 0.28% of Verra Mobility worth $10,152,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRRM. Aster Capital Management DIFC Ltd increased its stake in Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the last quarter. Headlands Technologies LLC bought a new stake in Verra Mobility during the fourth quarter valued at $228,000. Hancock Whitney Corp acquired a new position in shares of Verra Mobility during the fourth quarter valued at $241,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Verra Mobility by 32.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock valued at $258,000 after acquiring an additional 2,823 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on VRRM. UBS Group reduced their price objective 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 report on Tuesday, April 22nd. Robert W. Baird upped 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. Morgan Stanley cut 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 report on Thursday, March 27th. Finally, Wall Street Zen raised shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Verra Mobility currently has a consensus 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 company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider owned 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.05% of the stock is owned by corporate insiders.

Verra Mobility Trading Up 0.3%

NASDAQ VRRM traded up $0.07 on Thursday, hitting $25.03. 128,790 shares of the company were exchanged, compared to its average volume of 1,139,761. The company's 50 day moving average price is $24.43 and its 200-day moving average price is $23.81. 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 has a market capitalization of $3.99 billion, a P/E ratio of 125.25, a price-to-earnings-growth ratio of 2.35 and a beta of 0.77. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 51.05% and a net margin of 3.88%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. 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.