WCM Investment Management LLC Lowers Stock Holdings in Verra Mobility Corp (NASDAQ:VRRM)

WCM Investment Management LLC cut its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,846,578 shares of the company's stock after selling 113,756 shares during the quarter. WCM Investment Management LLC owned approximately 1.16% of Verra Mobility worth $41,566,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after acquiring an additional 1,640 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Verra Mobility by 585.1% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Verra Mobility during the 4th quarter worth $228,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Verra Mobility during the fourth quarter worth $241,000.

Analyst Ratings Changes

VRRM has been the topic of several research reports. Robert W. Baird raised their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. UBS Group cut their price target on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $27.38.

Insider Buying and Selling at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the sale, the insider directly owned 1,179 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.05% of the company's stock.

Verra Mobility Trading Up 0.4%

NASDAQ:VRRM traded up $0.11 on Thursday, hitting $25.64. The stock had a trading volume of 339,400 shares, compared to its average volume of 1,160,205. The company has a fifty day moving average price of $23.90 and a two-hundred day moving average price of $23.73. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $31.03. 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 stock has a market cap of $4.09 billion, a price-to-earnings ratio of 128.18, a PEG ratio of 2.45 and a beta of 0.77.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to analysts' expectations 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 period in the prior year, the firm posted $0.27 earnings per share. Equities research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Verra Mobility Company 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.