Verra Mobility Co. (NASDAQ:VRRM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2,915.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,086,049 shares of the company's stock after purchasing an additional 2,016,866 shares during the period. American Century Companies Inc. owned approximately 1.27% of Verra Mobility worth $50,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VRRM. Wellington Management Group LLP grew its stake in shares of Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock valued at $224,310,000 after buying an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. grew its position in Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after acquiring an additional 36,585 shares in the last quarter. State Street Corp grew its position in Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company's stock valued at $175,234,000 after acquiring an additional 357,078 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Verra Mobility by 5.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock valued at $101,938,000 after purchasing an additional 200,000 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Verra Mobility by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company's stock worth $108,612,000 after purchasing an additional 17,688 shares in the last quarter.

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Wall Street Analyst Weigh In

Separately, Morgan Stanley cut 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 report on Thursday.

Verra Mobility Stock Down 2.9 %

Shares of VRRM traded down $0.61 during trading on Friday, reaching $20.19. The company's stock had a trading volume of 823,742 shares, compared to its average volume of 1,108,608. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a fifty day moving average of $24.03 and a two-hundred day moving average of $24.74. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03.

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.