Raymond James Financial Inc. purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 215,799 shares of the company's stock, valued at approximately $5,218,000. Raymond James Financial Inc. owned approximately 0.13% of Verra Mobility at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of VRRM. First Horizon Advisors Inc. lifted its stake in shares of Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock worth $32,000 after buying an additional 745 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares during the last quarter. Avanza Fonder AB bought a new position in Verra Mobility in the 4th quarter valued at approximately $74,000. Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility during the 4th quarter valued at $129,000. Finally, KBC Group NV increased its holdings in shares of Verra Mobility by 61.9% in the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after purchasing an additional 2,710 shares in the last quarter.
Verra Mobility Stock Performance
VRRM stock traded down $0.61 on Friday, hitting $20.19. The company had a trading volume of 823,742 shares, compared to its average volume of 1,108,608. 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 Co. has a 12-month low of $19.51 and a 12-month high of $31.03. The stock 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 stock's 50-day simple moving average is $24.03 and its 200 day simple moving average is $24.75.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley lowered their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday.
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Verra Mobility Profile
(
Free Report)
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.
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