Motley Fool Asset Management LLC Has $2.70 Million Stock Holdings in Verra Mobility Corp $VRRM

Motley Fool Asset Management LLC boosted its stake in Verra Mobility Corp (NASDAQ:VRRM) by 36.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,396 shares of the company’s stock after buying an additional 28,136 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.07% of Verra Mobility worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock worth $231,074,000 after buying an additional 1,153,573 shares in the last quarter. Wellington Management Group LLP lifted its position in Verra Mobility by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock worth $178,335,000 after buying an additional 386,760 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Verra Mobility by 155.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after buying an additional 3,215,973 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Verra Mobility by 9.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company’s stock worth $109,701,000 after buying an additional 412,649 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Verra Mobility by 15.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock worth $65,579,000 after buying an additional 352,942 shares in the last quarter.

Verra Mobility Stock Down 0.5%

Verra Mobility stock opened at $24.00 on Wednesday. The company has a market capitalization of $3.83 billion, a P/E ratio of 100.00, a P/E/G ratio of 2.82 and a beta of 0.77. The firm’s fifty day simple moving average is $24.47 and its 200-day simple moving average is $24.13. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $27.20.

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

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research report on Wednesday, October 8th. Robert W. Baird increased their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.88.

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.