Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Verra Mobility Corp (NASDAQ:VRRM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 79,776 shares of Verra Mobility Corp, valued at approximately $1.8 million, during the first quarter of 2024.
• Verra Mobility reported $0.30 EPS for the last quarter, exceeding estimates of $0.29, with a revenue of $223.25 million, growing 6.5% year-over-year.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, significantly increased their holdings in Verra Mobility during the fourth quarter, indicating strong investor confidence.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 79,776 shares of the company's stock, valued at approximately $1,796,000.

Several other institutional investors have also modified their holdings of VRRM. Norges Bank bought a new position in shares of Verra Mobility during the fourth quarter worth about $46,156,000. Sunriver Management LLC bought a new position in shares of Verra Mobility during the fourth quarter worth about $33,503,000. Westwood Holdings Group Inc. grew its position 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 acquiring an additional 994,775 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Verra Mobility by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after purchasing an additional 837,648 shares during the period. Finally, Sycale Advisors NY LLC acquired a new position in Verra Mobility during the 4th quarter valued at about $12,654,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird raised their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, UBS Group cut their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Verra Mobility currently has an average rating of "Buy" and an average target price 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 that occurred 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 owned 1,179 shares of the company's stock, valued at approximately $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.05% of the company's stock.

Verra Mobility Stock Down 2.5%

Shares of VRRM traded down $0.62 during trading hours on Friday, reaching $24.64. The company's stock had a trading volume of 1,101,588 shares, compared to its average volume of 767,711. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 123.20, a P/E/G ratio of 2.37 and a beta of 0.79. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $29.97. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. The company has a 50 day moving average of $24.66 and a two-hundred day moving average of $23.83.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its 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. The company had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a return on equity of 51.05% and a net margin of 3.88%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, research analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

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.