Perpetual Ltd Has $3.68 Million Stock Holdings in Verra Mobility Corp (NASDAQ:VRRM)

Perpetual Ltd cut its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 40.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,443 shares of the company's stock after selling 109,455 shares during the period. Perpetual Ltd owned approximately 0.10% of Verra Mobility worth $3,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VRRM. Smartleaf Asset Management LLC raised its position in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Verra Mobility by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock worth $44,062,000 after purchasing an additional 102,575 shares during the period. Cornerstone Investment Partners LLC raised its position in shares of Verra Mobility by 39.3% during the fourth quarter. Cornerstone Investment Partners LLC now owns 20,818 shares of the company's stock worth $503,000 after purchasing an additional 5,871 shares during the period. Aigen Investment Management LP acquired a new position in Verra Mobility during the fourth quarter valued at $303,000. Finally, Raymond James Financial Inc. acquired a new position in Verra Mobility during the fourth quarter valued at $5,218,000.

Insider Activity at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the firm's 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 transaction, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.05% of the company's stock.

Verra Mobility Price Performance

VRRM opened at $25.40 on Friday. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 127.00, a PEG ratio of 2.43 and a beta of 0.76. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $31.03. 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 fifty day moving average price of $23.60 and a 200 day moving average price of $23.69.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $223.25 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have 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. UBS Group decreased their price target 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. Robert W. Baird boosted their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, 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 report on Thursday, March 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Verra Mobility has an average rating of "Buy" and a consensus price target of $27.38.

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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