VERRA MOBILITY CORP (NASDAQ:VRRM) Stock Holdings Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of VERRA MOBILITY CORP (NASDAQ:VRRM - Free Report) by 11.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 158,770 shares of the company's stock after selling 20,854 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.10% of VERRA MOBILITY worth $3,574,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of VERRA MOBILITY by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of VERRA MOBILITY by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock worth $443,000 after buying an additional 448 shares in the last quarter. Xponance Inc. raised its stake in shares of VERRA MOBILITY by 4.9% in the 1st quarter. Xponance Inc. now owns 12,451 shares of the company's stock worth $280,000 after buying an additional 586 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of VERRA MOBILITY by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 13,695 shares of the company's stock worth $331,000 after buying an additional 1,218 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of VERRA MOBILITY by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 97,915 shares of the company's stock worth $2,368,000 after buying an additional 1,855 shares in the last quarter.

Insider Buying and Selling at VERRA MOBILITY

In other news, insider Jonathan Keyser sold 18,719 shares of VERRA MOBILITY stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider owned 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company's stock.

VERRA MOBILITY Stock Up 2.3%

Shares of VRRM stock traded up $0.55 on Friday, reaching $24.97. 1,364,180 shares of the company's stock traded hands, compared to its average volume of 734,383. VERRA MOBILITY CORP has a 12-month low of $19.51 and a 12-month high of $30.71. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. The company has a market capitalization of $3.98 billion, a P/E ratio of 124.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77. The business's 50 day moving average price is $24.54 and its two-hundred day moving average price is $23.83.

VERRA MOBILITY (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. VERRA MOBILITY had a return on equity of 51.05% and a net margin of 3.88%. The business had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. VERRA MOBILITY's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that VERRA MOBILITY CORP will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VRRM. Baird R W raised VERRA MOBILITY from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their target price on VERRA MOBILITY from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. UBS Group cut their target price on VERRA MOBILITY from $31.50 to $29.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered VERRA MOBILITY from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $27.38.

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.