New York State Teachers Retirement System Has $1.39 Million Stake in Verra Mobility Corp (NASDAQ:VRRM)

New York State Teachers Retirement System lowered its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,823 shares of the company's stock after selling 17,019 shares during the quarter. New York State Teachers Retirement System's holdings in Verra Mobility were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Verra Mobility by 8.4% in the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after purchasing an additional 11,772 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Verra Mobility by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock valued at $44,062,000 after acquiring an additional 102,575 shares in the last quarter. GAMMA Investing LLC grew its stake in Verra Mobility by 2,258.8% during the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock valued at $1,874,000 after acquiring an additional 79,713 shares in the last quarter. SG Americas Securities LLC purchased a new position in Verra Mobility during the 1st quarter valued at about $816,000. Finally, Fox Run Management L.L.C. purchased a new position in Verra Mobility during the 4th quarter valued at about $297,000.

Insider Buying and Selling at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company's stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.05% of the company's stock.

Verra Mobility Stock Performance

Shares of VRRM traded down $0.57 during mid-day trading on Friday, hitting $24.83. The company's stock had a trading volume of 638,951 shares, compared to its average volume of 1,152,208. Verra Mobility Corp has a one year low of $19.51 and a one year high of $31.03. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. The firm has a market capitalization of $3.96 billion, a PE ratio of 124.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.77. The stock's 50-day moving average is $24.28 and its two-hundred day moving average is $23.79.

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, beating 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 period in the prior year, the business earned $0.27 earnings per share. Verra Mobility's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VRRM shares. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price target on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group decreased their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised Verra Mobility from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Morgan Stanley decreased their target price on 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 investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $27.38.

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.