Bank Julius Baer & Co. Ltd Zurich Sells 19,402 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 291,165 shares of the company's stock after selling 19,402 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.18% of Verra Mobility worth $5,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VRRM. Aster Capital Management DIFC Ltd increased its holdings in Verra Mobility by 585.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Verra Mobility during the 4th quarter worth about $228,000. Hancock Whitney Corp bought a new stake in shares of Verra Mobility in the 4th quarter valued at about $241,000. Oppenheimer Asset Management Inc. raised its position in shares of Verra Mobility by 32.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock valued at $258,000 after acquiring an additional 2,823 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Verra Mobility during the 4th quarter worth approximately $277,000.

Verra Mobility Stock Up 2.3%

VRRM stock traded up $0.55 during mid-day trading on Friday, hitting $24.97. 1,364,180 shares of the company were exchanged, compared to its average volume of 734,383. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.10 and a current ratio of 2.19. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $30.71. The firm's 50 day simple moving average is $24.54 and its 200 day simple moving average is $23.83. The firm has a market cap of $3.98 billion, a P/E ratio of 124.85, a P/E/G ratio of 2.40 and a beta of 0.77.

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, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, sell-side analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VRRM. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. UBS Group lowered 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 lowered Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $27.38.

Insider Transactions at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the sale, the insider owned 1,179 shares of the company's stock, valued at $28,626.12. This trade represents 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. Company insiders own 1.05% of the company's stock.

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.