Verra Mobility Corp $VRRM Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 571,329 shares of the company's stock after selling 22,526 shares during the quarter. Blair William & Co. IL owned about 0.36% of Verra Mobility worth $14,506,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VRRM. Farther Finance Advisors LLC lifted its holdings in shares of Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company's stock worth $37,000 after acquiring an additional 460 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Verra Mobility by 13,638.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company's stock worth $40,000 after purchasing an additional 1,773 shares in the last quarter. Quarry LP boosted its position in shares of Verra Mobility by 361.8% during the first quarter. Quarry LP now owns 4,055 shares of the company's stock worth $91,000 after buying an additional 3,177 shares during the period. GAMMA Investing LLC grew its stake in shares of Verra Mobility by 11.6% in the second quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock valued at $105,000 after buying an additional 430 shares in the last quarter. Finally, Avanza Fonder AB grew its stake in shares of Verra Mobility by 275.6% in the second quarter. Avanza Fonder AB now owns 5,994 shares of the company's stock valued at $152,000 after buying an additional 4,398 shares in the last quarter.

Analysts Set New Price Targets

VRRM has been the subject of a number of research analyst reports. Wall Street Zen cut Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of Verra Mobility in a research note on Wednesday. Finally, Robert W. Baird upped their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

Verra Mobility Trading Up 1.9%

Shares of NASDAQ:VRRM opened at $23.93 on Friday. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $27.83. The company's 50 day moving average is $24.47 and its two-hundred day moving average is $23.90. The company has a market cap of $3.82 billion, a PE ratio of 99.71, a P/E/G ratio of 2.74 and a beta of 0.77. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The firm had revenue of $236.03 million during the quarter, compared to the consensus estimate of $232.78 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company's revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Verra Mobility Corp 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.

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