PharVision Advisers LLC Makes New $284,000 Investment in Verra Mobility Corp $VRRM

Key Points

• PharVision Advisers LLC has acquired a new stake in Verra Mobility Corp valued at approximately $284,000 in the first quarter, purchasing 12,632 shares.
• Verra Mobility reported a $0.34 EPS for the recent quarter, exceeding analysts' expectations of $0.33, with a 6.1% year-over-year revenue increase.
• Analysts have mixed ratings for Verra Mobility, with a consensus rating of "Buy" and target price raised from $28.00 to $30.00 by Robert W. Baird.

PharVision Advisers LLC acquired a new stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,632 shares of the company's stock, valued at approximately $284,000.

Several other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock valued at $231,074,000 after purchasing an additional 1,153,573 shares during the period. Wellington Management Group LLP lifted its stake in shares of Verra Mobility by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company's stock valued at $178,335,000 after purchasing an additional 386,760 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Verra Mobility by 9.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company's stock valued at $109,701,000 after purchasing an additional 412,649 shares during the period. Northern Trust Corp lifted its stake in shares of Verra Mobility by 3.5% in the 1st quarter. Northern Trust Corp now owns 2,426,306 shares of the company's stock valued at $54,616,000 after purchasing an additional 83,168 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Verra Mobility by 10.8% in the 1st quarter. American Century Companies Inc. now owns 2,311,408 shares of the company's stock valued at $52,030,000 after purchasing an additional 225,359 shares during the period.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $27.88.

Verra Mobility Price Performance

Shares of NASDAQ VRRM traded down $0.16 during mid-day trading on Wednesday, reaching $24.26. The company's stock had a trading volume of 853,952 shares, compared to its average volume of 1,092,356. The stock has a 50-day moving average of $24.80 and a two-hundred day moving average of $23.54. The stock has a market capitalization of $3.87 billion, a P/E ratio of 101.09, a P/E/G ratio of 2.86 and a beta of 0.80. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $28.25.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The firm had revenue of $236.03 million during the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Verra Mobility's quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current fiscal 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.