Verra Mobility Co. (NASDAQ:VRRM) Position Raised by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP grew its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 156.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,491 shares of the company's stock after purchasing an additional 19,231 shares during the period. Occudo Quantitative Strategies LP's holdings in Verra Mobility were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VRRM. Barclays PLC grew its stake in shares of Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after buying an additional 235,589 shares in the last quarter. LPL Financial LLC raised its stake in shares of Verra Mobility by 8.4% during the fourth 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 period. Union Bancaire Privee UBP SA acquired a new position in shares of Verra Mobility during the fourth quarter worth $2,348,000. Smartleaf Asset Management LLC lifted its position in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Verra Mobility by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock valued at $44,062,000 after purchasing an additional 102,575 shares during the period.

Verra Mobility Stock Up 0.1%

NASDAQ VRRM traded up $0.03 on Friday, hitting $23.72. 1,537,191 shares of the stock traded hands, compared to its average volume of 1,184,259. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a 50-day moving average of $21.93 and a 200 day moving average of $23.55. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a market capitalization of $3.79 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. During the same period in the prior year, the company posted $0.27 EPS. The business's revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility 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 completion of the transaction, the insider now directly owns 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 filing with the SEC, which is accessible through this hyperlink. 1.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on VRRM shares. UBS Group cut their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 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, Morgan Stanley reduced their price objective 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. One equities research 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.com, the company has an average rating of "Buy" and an average target price of $27.38.

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.