State of Wyoming Boosts Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

State of Wyoming boosted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 109.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,292 shares of the company’s stock after buying an additional 12,178 shares during the quarter. State of Wyoming’s holdings in Verra Mobility were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRRM. American Century Companies Inc. grew its position in Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company’s stock worth $50,441,000 after buying an additional 2,016,866 shares during the period. Norges Bank acquired a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $46,156,000. Sunriver Management LLC acquired a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $33,503,000. Price T Rowe Associates Inc. MD grew its position in shares of Verra Mobility by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company’s stock valued at $220,323,000 after purchasing an additional 837,648 shares during the last quarter. Finally, Sycale Advisors NY LLC acquired a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $12,654,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. UBS Group cut their price target on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird increased their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $27.38.

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 company insiders.

Verra Mobility Price Performance

VRRM opened at $23.72 on Monday. The company has a fifty day simple moving average of $21.93 and a 200 day simple moving average of $23.53. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. 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 (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Equities research analysts expect that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

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.