XTX Topco Ltd Has $557,000 Stake in Verra Mobility Corp (NASDAQ:VRRM)

XTX Topco Ltd lowered its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 49.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 24,757 shares of the company's stock after selling 24,340 shares during the period. XTX Topco Ltd's holdings in Verra Mobility were worth $557,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Verra Mobility by 4.2% during the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company's stock valued at $1,064,000 after purchasing an additional 1,891 shares during the last quarter. LPL Financial LLC boosted its stake in Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock valued at $3,673,000 after purchasing an additional 11,772 shares during the last quarter. GAMMA Investing LLC boosted its stake in Verra Mobility by 2,258.8% during the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock valued at $1,874,000 after purchasing an additional 79,713 shares during the last quarter. SG Americas Securities LLC acquired a new position in Verra Mobility during the 1st quarter valued at about $816,000. Finally, Xponance Inc. boosted its stake in Verra Mobility by 4.9% during the 1st quarter. Xponance Inc. now owns 12,451 shares of the company's stock valued at $280,000 after purchasing an additional 586 shares during the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $24.96 on Thursday. 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 company has a market capitalization of $3.98 billion, a PE ratio of 124.80, a PEG ratio of 2.41 and a beta of 0.79. The stock's 50 day moving average price is $24.73 and its 200-day moving average price is $23.84. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $29.07.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly 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. The company had revenue of $236.03 million for the quarter, compared to analysts' expectations of $232.78 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. Verra Mobility's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird boosted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. UBS Group cut their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One research 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $27.38.

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on 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 owned 1,179 shares of the company's stock, valued at approximately $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

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