Verra Mobility Corp (NASDAQ:VRRM) Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. has reduced its stake in VERRA MOBILITY CORP by 77.8%, now holding 53,185 shares worth approximately $1.2 million after selling 186,525 shares in the first quarter.
• VERRA MOBILITY reported a quarterly earnings per share (EPS) of $0.30, beating estimates, and its revenue grew by 6.5% year-over-year to $223.25 million.
• Analysts have mixed ratings on VERRA MOBILITY, with recent reports adjusting price targets and ratings; UBS lowered its target from $31.50 to $29.50 while Baird upgraded it from "hold" to "strong-buy."

Victory Capital Management Inc. lowered its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 77.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,185 shares of the company's stock after selling 186,525 shares during the period. Victory Capital Management Inc.'s holdings in Verra Mobility were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after purchasing an additional 159,348 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $220,323,000 after purchasing an additional 837,648 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Verra Mobility by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after purchasing an additional 994,775 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Verra Mobility by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock valued at $79,037,000 after buying an additional 71,031 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Verra Mobility by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,343,138 shares of the company's stock valued at $56,657,000 after buying an additional 39,777 shares during the period.

Insiders Place Their Bets

In related news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the sale, the insider directly owned 1,179 shares of the company's stock, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.05% of the company's stock.

Verra Mobility Trading Down 2.5%

Shares of Verra Mobility stock traded down $0.62 during trading hours on Friday, hitting $24.64. The company's stock had a trading volume of 1,101,588 shares, compared to its average volume of 767,711. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $29.97. The business has a fifty day moving average of $24.66 and a 200 day moving average of $23.83. The company has a market capitalization of $3.93 billion, a PE ratio of 123.20, a P/E/G ratio of 2.37 and a beta of 0.79. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released 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 analyst estimates of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. As a group, equities analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group dropped their price target 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. Robert W. Baird upped their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Verra Mobility presently has a consensus rating of "Buy" and an average target price of $27.38.

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.