Sunriver Management LLC Purchases New Position in Verra Mobility Co. (NASDAQ:VRRM)

Sunriver Management LLC purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,385,585 shares of the company's stock, valued at approximately $33,503,000. Verra Mobility comprises 4.0% of Sunriver Management LLC's investment portfolio, making the stock its 12th largest position. Sunriver Management LLC owned about 0.84% of Verra Mobility at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC lifted its holdings in shares of Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new stake in Verra Mobility in the fourth quarter worth about $74,000. Aster Capital Management DIFC Ltd grew its stake in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after acquiring an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the last quarter.

Verra Mobility Stock Performance

NASDAQ:VRRM traded down $0.09 during midday trading on Friday, hitting $21.31. The company's stock had a trading volume of 772,433 shares, compared to its average volume of 1,155,075. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week 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 firm has a market cap of $3.40 billion, a P/E ratio of 35.52, a P/E/G ratio of 2.18 and a beta of 0.91. The firm's 50 day moving average is $22.59 and its 200-day moving average is $24.15.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th.

Verra Mobility 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.