Sycale Advisors NY LLC Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Sycale Advisors NY LLC bought a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 523,308 shares of the company's stock, valued at approximately $12,654,000. Verra Mobility comprises about 3.3% of Sycale Advisors NY LLC's holdings, making the stock its 11th biggest holding. Sycale Advisors NY LLC owned approximately 0.32% of Verra Mobility as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRRM. Barclays PLC increased its position in shares of Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after purchasing an additional 235,589 shares during the last quarter. LPL Financial LLC increased its position in shares of Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after purchasing an additional 11,772 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Verra Mobility during the 4th quarter worth approximately $2,348,000. Smartleaf Asset Management LLC increased its position in shares of Verra Mobility by 245.1% during the 4th 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Verra Mobility by 6.0% during the 4th 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 last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VRRM shares. Morgan Stanley lowered their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. UBS Group reduced their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Robert W. Baird lifted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One investment 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 stock. Based on data from MarketBeat, Verra Mobility currently has an average rating of "Buy" and a consensus price target of $27.38.

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction on Friday, May 9th. The stock was 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. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.05% of the stock is currently owned by corporate insiders.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM traded down $0.64 during midday trading on Wednesday, hitting $23.89. 904,710 shares of the company's stock were exchanged, compared to its average volume of 1,185,063. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company's 50 day moving average price is $22.09 and its 200 day moving average price is $23.54. The firm has a market capitalization of $3.81 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the previous year, the company posted $0.27 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.