ProShare Advisors LLC Increases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

ProShare Advisors LLC lifted its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 43.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,665 shares of the company's stock after purchasing an additional 14,963 shares during the quarter. ProShare Advisors LLC's holdings in Verra Mobility were worth $1,201,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after acquiring an additional 235,589 shares during the last quarter. Dakota Wealth Management boosted its stake in Verra Mobility by 33.4% during the fourth quarter. Dakota Wealth Management now owns 10,395 shares of the company's stock worth $251,000 after buying an additional 2,605 shares during the period. Exchange Traded Concepts LLC increased its position in Verra Mobility by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company's stock valued at $693,000 after acquiring an additional 725 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Verra Mobility in the fourth quarter valued at $2,348,000. Finally, KBC Group NV lifted its holdings in shares of Verra Mobility by 61.9% in the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after acquiring an additional 2,710 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on VRRM shares. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley reduced their price target 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. Robert W. Baird boosted their price objective on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, UBS Group reduced their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Verra Mobility has a consensus rating of "Buy" and an average target price of $27.38.

Verra Mobility Stock Down 0.5%

NASDAQ VRRM traded down $0.12 on Wednesday, reaching $23.99. 83,475 shares of the stock traded hands, compared to its average volume of 1,177,551. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a fifty day moving average price of $22.40 and a 200-day moving average price of $23.56. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 40.00, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. Verra Mobility's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, research analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.05% of the stock is owned by company insiders.

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.