Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,955 shares of the company's stock after selling 366,612 shares during the quarter. Marshall Wace LLP's holdings in Verra Mobility were worth $724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 1,640 shares in the last quarter. Avanza Fonder AB purchased a new position in Verra Mobility during the 4th quarter valued at about $74,000. Aster Capital Management DIFC Ltd increased its stake in Verra Mobility by 585.1% during 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. Arcadia Investment Management Corp MI purchased a new position in shares of Verra Mobility in the fourth quarter worth $129,000. Finally, PNC Financial Services Group Inc. grew its position 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 worth $154,000 after purchasing an additional 409 shares during the period.

Verra Mobility Stock Performance

NASDAQ VRRM traded down $0.04 during trading on Wednesday, reaching $22.21. The company's stock had a trading volume of 1,440,037 shares, compared to its average volume of 1,167,560. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The business's fifty day moving average price is $21.58 and its 200-day moving average price is $23.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird raised shares of Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price objective for the company in a report on Tuesday, April 22nd. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on 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.

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.