Punch & Associates Investment Management Inc. Purchases 26,067 Shares of Verra Mobility Corp $VRRM

Key Points

• Punch & Associates Investment Management Inc. increased its stake in Verra Mobility Corp by 2.4%, acquiring an additional 26,067 shares, making it the firm's 10th largest holding.
• Analysts have mixed views on Verra Mobility; Robert W. Baird raised the price target from $28 to $30 with an "outperform" rating, while Wall Street Zen downgraded the stock from "strong-buy" to "buy."
• In its most recent earnings report, Verra Mobility beat expectations with $0.34 earnings per share and revenue of $236.03 million, up 6.1% year-over-year.

Punch & Associates Investment Management Inc. lifted its position in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,121,731 shares of the company's stock after acquiring an additional 26,067 shares during the quarter. Verra Mobility accounts for approximately 1.7% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 10th largest position. Punch & Associates Investment Management Inc. owned 0.70% of Verra Mobility worth $25,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Verra Mobility by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock worth $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Verra Mobility by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock worth $107,862,000 after purchasing an additional 994,775 shares during the period. Sunriver Management LLC raised its holdings in shares of Verra Mobility by 38.6% during the first quarter. Sunriver Management LLC now owns 1,920,395 shares of the company's stock worth $43,228,000 after purchasing an additional 534,810 shares during the period. Sycale Advisors NY LLC bought a new position in shares of Verra Mobility in the 4th quarter worth about $12,654,000. Finally, Tidal Investments LLC acquired a new position in shares of Verra Mobility in the 4th quarter valued at about $11,755,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Robert W. Baird upped their target price on Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Verra Mobility has a consensus rating of "Buy" and a consensus price target of $27.88.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM traded down $0.03 during midday trading on Tuesday, hitting $24.42. 579,120 shares of the company's stock were exchanged, compared to its average volume of 729,833. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25. The firm has a market cap of $3.90 billion, a P/E ratio of 101.75, a PEG ratio of 2.86 and a beta of 0.80. The stock's 50 day moving average price is $24.80 and its 200-day moving average price is $23.54. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21.

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

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.