Teacher Retirement System of Texas Invests $541,000 in Verra Mobility Corp (NASDAQ:VRRM)

Teacher Retirement System of Texas bought a new position in Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 24,016 shares of the company's stock, valued at approximately $541,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after purchasing an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Verra Mobility by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock valued at $220,323,000 after buying an additional 837,648 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Verra Mobility by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after buying an additional 994,775 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Verra Mobility by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock worth $79,037,000 after purchasing an additional 71,031 shares during the period. Finally, Northern Trust Corp raised its position in Verra Mobility by 1.7% in the 4th quarter. Northern Trust Corp now owns 2,343,138 shares of the company's stock worth $56,657,000 after purchasing an additional 39,777 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VRRM. Wall Street Zen raised shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. UBS Group reduced their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley reduced their price objective on shares of 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 raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Robert W. Baird increased their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $27.38.

Insider Transactions at Verra Mobility

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 transaction of $454,497.32. Following the transaction, the insider directly owned 1,179 shares of the company's stock, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.05% of the stock is currently owned by insiders.

Verra Mobility Trading Down 0.9%

Shares of NASDAQ:VRRM traded down $0.23 during trading on Friday, reaching $24.64. 654,286 shares of the company were exchanged, compared to its average volume of 1,143,832. The firm has a market capitalization of $3.93 billion, a PE ratio of 123.20, a P/E/G ratio of 2.37 and a beta of 0.77. The business's fifty day simple moving average is $24.45 and its 200-day simple moving average is $23.82. Verra Mobility Corp 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 3.45, a current ratio of 2.19 and a quick ratio of 2.10.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. Verra Mobility's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. On average, 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.