XTX Topco Ltd Sells 24,340 Shares of Verra Mobility Corp (NASDAQ:VRRM)

XTX Topco Ltd trimmed its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 49.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRRM. GSA Capital Partners LLP purchased a new stake in Verra Mobility in the 1st quarter valued at about $655,000. LPL Financial LLC increased its stake in Verra Mobility by 2.4% in the 1st quarter. LPL Financial LLC now owns 155,524 shares of the company's stock valued at $3,501,000 after buying an additional 3,604 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of Verra Mobility by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 48,064 shares of the company's stock worth $1,082,000 after purchasing an additional 1,269 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Verra Mobility by 34.6% during the 1st quarter. Cetera Investment Advisers now owns 18,440 shares of the company's stock worth $415,000 after purchasing an additional 4,745 shares during the last quarter. Finally, Homestead Advisers Corp increased its stake in shares of Verra Mobility by 79.7% during the 1st quarter. Homestead Advisers Corp now owns 93,100 shares of the company's stock worth $2,096,000 after purchasing an additional 41,300 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VRRM. Wall Street Zen lowered shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group dropped their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird lifted their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $27.38.

Verra Mobility Trading Down 2.4%

Shares of NASDAQ:VRRM traded down $0.58 during midday trading on Friday, hitting $23.49. 1,252,549 shares of the stock traded hands, compared to its average volume of 992,295. The stock has a market capitalization of $3.74 billion, a PE ratio of 97.88, a P/E/G ratio of 2.26 and a beta of 0.79. The business's 50 day moving average is $24.73 and its two-hundred day moving average is $23.80. The company has a quick ratio of 2.10, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a one year low of $19.51 and a one year high of $29.07.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 EPS. As a group, research analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current 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.