Man Group plc Sells 32,113 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Man Group plc lowered its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,556 shares of the company's stock after selling 32,113 shares during the period. Man Group plc owned 0.18% of Verra Mobility worth $7,001,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC raised its stake in shares of Verra Mobility by 11.3% in the fourth quarter. Nuveen Asset Management LLC now owns 453,506 shares of the company's stock valued at $10,966,000 after acquiring an additional 46,202 shares during the last quarter. Occudo Quantitative Strategies LP raised its stake in shares of Verra Mobility by 156.9% in the fourth quarter. Occudo Quantitative Strategies LP now owns 31,491 shares of the company's stock valued at $761,000 after acquiring an additional 19,231 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Verra Mobility by 2.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 93,818 shares of the company's stock valued at $2,269,000 after acquiring an additional 2,664 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Verra Mobility by 13.0% in the fourth quarter. Lazard Asset Management LLC now owns 290,816 shares of the company's stock valued at $7,031,000 after acquiring an additional 33,357 shares during the last quarter. Finally, Fairview Capital Investment Management LLC raised its stake in shares of Verra Mobility by 4.5% in the fourth quarter. Fairview Capital Investment Management LLC now owns 2,264,633 shares of the company's stock valued at $54,759,000 after acquiring an additional 97,784 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRRM. UBS Group cut their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Morgan Stanley cut 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 research note on Thursday, March 27th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Verra Mobility currently has a consensus rating of "Buy" and a consensus price target of $27.38.

Insider Buying and Selling

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the company's 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 completion of the sale, the insider now owns 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.05% of the stock is currently owned by corporate insiders.

Verra Mobility Stock Performance

VRRM stock opened at $23.70 on Tuesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The company has a 50 day moving average price of $22.01 and a 200 day moving average price of $23.53. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The stock has a market capitalization of $3.78 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

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 for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $223.25 million during the quarter, compared to analysts' expectations of $216.94 million. During the same quarter in the previous year, the company posted $0.27 EPS. Verra Mobility's revenue was up 6.5% on a year-over-year basis. Analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.

About Verra Mobility

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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