Verra Mobility Corp $VRRM Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC cut its Verra Mobility stake by 56.9% in Q3, selling 95,863 shares and leaving 72,710 shares valued at about $1.80 million.
• Verra Mobility reported Q results with $0.30 EPS (missed by $0.02) while revenue of $257.86M topped estimates, and the company set FY2026 guidance of 1.320–1.380 EPS.
• Analysts hold an average "Hold" rating with a mean target near $24.75; the stock has a market cap of roughly $2.63B and a P/E of about 19.4.

Intech Investment Management LLC trimmed its position in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 56.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,710 shares of the company's stock after selling 95,863 shares during the quarter. Intech Investment Management LLC's holdings in Verra Mobility were worth $1,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRRM. Rothschild Investment LLC raised its stake in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company's stock worth $29,000 after buying an additional 822 shares during the last quarter. CWM LLC increased its holdings in Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company's stock valued at $38,000 after acquiring an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company's stock worth $38,000 after acquiring an additional 1,217 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company's stock valued at $72,000 after purchasing an additional 2,255 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Verra Mobility by 46.7% in the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company's stock valued at $87,000 after purchasing an additional 1,087 shares during the last quarter.

Verra Mobility Stock Down 1.7%

VRRM opened at $16.50 on Thursday. Verra Mobility Corp has a 12 month low of $15.58 and a 12 month high of $25.83. The business has a 50-day moving average of $20.19 and a two-hundred day moving average of $22.31. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The company had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. During the same period in the prior year, the business posted $0.33 earnings per share. Verra Mobility's revenue was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Verra Mobility in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective on Verra Mobility from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley decreased their price objective on Verra Mobility from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen cut Verra Mobility from a "strong-buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Robert W. Baird set a $24.00 target price on shares of Verra Mobility in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Verra Mobility presently has an average rating of "Hold" and an average target price of $24.75.

Verra Mobility Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.

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