Marshall Wace LLP Lowers Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Marshall Wace LLP trimmed its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 92.4% in the fourth quarter, according to 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 period. Marshall Wace LLP's holdings in Verra Mobility were worth $724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after acquiring an additional 409 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Verra Mobility by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock valued at $443,000 after purchasing an additional 448 shares during the period. Tealwood Asset Management Inc. increased its position in shares of Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock valued at $1,069,000 after purchasing an additional 592 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Verra Mobility by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company's stock worth $693,000 after purchasing an additional 725 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of Verra Mobility by 9.5% in the 4th quarter. Xponance Inc. now owns 11,865 shares of the company's stock worth $287,000 after buying an additional 1,025 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley cut their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, Robert W. Baird upgraded shares of Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 target price for the company in a research report on Tuesday, April 22nd.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM traded down $0.37 during mid-day trading on Monday, hitting $22.35. The company had a trading volume of 879,296 shares, compared to its average volume of 1,167,280. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1 year low of $17.37 and a 1 year high of $31.03. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.18 and a beta of 0.80. The stock's 50-day moving average price is $21.74 and its 200-day moving average price is $23.74.

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.