Homestead Advisers Corp Acquires 41,300 Shares of VERRA MOBILITY CORP (NASDAQ:VRRM)

Homestead Advisers Corp increased its position in VERRA MOBILITY CORP (NASDAQ:VRRM - Free Report) by 79.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,100 shares of the company's stock after acquiring an additional 41,300 shares during the period. Homestead Advisers Corp owned about 0.06% of VERRA MOBILITY worth $2,096,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of VERRA MOBILITY by 2,915.3% in the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after acquiring an additional 2,016,866 shares during the period. Norges Bank purchased a new stake in shares of VERRA MOBILITY in the fourth quarter worth about $46,156,000. Sunriver Management LLC purchased a new stake in shares of VERRA MOBILITY in the fourth quarter worth about $33,503,000. Westwood Holdings Group Inc. grew its stake in shares of 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 buying an additional 994,775 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of VERRA MOBILITY by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after buying an additional 837,648 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 dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the sale, 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 sale was disclosed in a filing 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 0.6%

VRRM stock traded up $0.15 during midday trading on Tuesday, hitting $24.65. 132,384 shares of the company's stock were exchanged, compared to its average volume of 1,138,011. The business has a 50-day simple moving average of $24.45 and a two-hundred day simple moving average of $23.82. 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 market capitalization of $3.93 billion, a PE ratio of 123.31, a P/E/G ratio of 2.37 and a beta of 0.77. VERRA MOBILITY CORP has a 1-year low of $19.51 and a 1-year high of $31.03.

VERRA MOBILITY (NASDAQ:VRRM - Get Free Report) last posted its earnings results 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. VERRA MOBILITY had a return on equity of 51.05% and a net margin of 3.88%. The company had revenue of $223.25 million during the quarter, compared to analysts' expectations of $216.94 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that VERRA MOBILITY CORP will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VRRM shares. Baird R W upgraded VERRA MOBILITY from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded VERRA MOBILITY from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. 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 report on Thursday, May 8th. Robert W. Baird raised their price objective on VERRA MOBILITY from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Morgan Stanley reduced their price objective on VERRA MOBILITY from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.

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