Sei Investments Co. Increases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Sei Investments Co. boosted its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 25.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 775,015 shares of the company's stock after acquiring an additional 159,601 shares during the period. Sei Investments Co. owned about 0.47% of Verra Mobility worth $18,740,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility during the 4th quarter worth about $74,000. Arcadia Investment Management Corp MI purchased a new position in shares of Verra Mobility in the 4th quarter valued at about $129,000. PNC Financial Services Group Inc. lifted its stake in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after purchasing an additional 409 shares during the last quarter. Finally, KBC Group NV lifted its stake in Verra Mobility by 61.9% during the fourth quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after purchasing an additional 2,710 shares during the last quarter.

Verra Mobility Stock Performance

Shares of VRRM traded up $0.51 during midday trading on Tuesday, reaching $23.02. 2,566,322 shares of the stock were exchanged, compared to its average volume of 1,125,822. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.18 and a beta of 1.30. The business's 50-day moving average price is $23.91 and its 200 day moving average price is $24.68.

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Analysts Set New Price Targets

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, March 27th.

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.