Verra Mobility Corp $VRRM Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,300 shares of the company's stock after buying an additional 11,600 shares during the quarter. Swiss National Bank owned about 0.20% of Verra Mobility worth $7,187,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VRRM. CenterBook Partners LP lifted its position in Verra Mobility by 752.6% during the first quarter. CenterBook Partners LP now owns 364,310 shares of the company's stock valued at $8,201,000 after purchasing an additional 321,581 shares during the period. Headlands Technologies LLC lifted its position in Verra Mobility by 40.5% during the first quarter. Headlands Technologies LLC now owns 13,264 shares of the company's stock valued at $299,000 after purchasing an additional 3,823 shares during the period. Westwood Holdings Group Inc. lifted its position in Verra Mobility by 9.3% during the first 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. PNC Financial Services Group Inc. lifted its position in Verra Mobility by 18.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock valued at $170,000 after purchasing an additional 1,161 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in Verra Mobility during the first quarter valued at $224,000.

Verra Mobility Price Performance

Shares of Verra Mobility stock traded up $0.6390 during trading hours on Friday, reaching $25.2390. The stock had a trading volume of 102,592 shares, compared to its average volume of 1,113,644. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The stock's 50 day moving average is $24.73 and its 200 day moving average is $23.67. The firm has a market capitalization of $4.03 billion, a PE ratio of 105.31, a PEG ratio of 2.85 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $232.78 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of research 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 report on Thursday. UBS Group decreased their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, 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. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $27.88.

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.