Vanguard Group Inc. Trims Stock Holdings in Verra Mobility Corp $VRRM

Vanguard Group Inc. lowered its stake in Verra Mobility Corp (NASDAQ:VRRM) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,392,862 shares of the company’s stock after selling 169,948 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Verra Mobility worth $367,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. William Blair Investment Management LLC increased its holdings in Verra Mobility by 34.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock worth $85,942,000 after acquiring an additional 896,564 shares in the last quarter. Man Group plc lifted its holdings in Verra Mobility by 93.3% during the second quarter. Man Group plc now owns 1,157,292 shares of the company’s stock valued at $29,384,000 after purchasing an additional 558,727 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Verra Mobility by 128.2% in the third quarter. Qube Research & Technologies Ltd now owns 612,521 shares of the company’s stock worth $15,129,000 after purchasing an additional 344,130 shares during the period. Thornburg Investment Management Inc. bought a new position in shares of Verra Mobility in the third quarter worth approximately $7,597,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Verra Mobility by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock worth $26,614,000 after purchasing an additional 293,082 shares in the last quarter.

Verra Mobility Trading Down 1.2%

Shares of VRRM opened at $14.32 on Thursday. The stock has a market capitalization of $2.17 billion, a PE ratio of 16.85, a P/E/G ratio of 2.36 and a beta of 0.67. The company’s fifty day moving average is $15.19 and its 200 day moving average is $19.40. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. Verra Mobility Corp has a fifty-two week low of $13.84 and a fifty-two week high of $25.83.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $241.17 million. During the same quarter last year, the business earned $0.33 EPS. Verra Mobility’s revenue for the quarter was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts expect that Verra Mobility Corp will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VRRM. Morgan Stanley lowered their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings lowered Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Wall Street Zen raised Verra Mobility from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.50.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.