Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 179.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,186 shares of the company's stock after purchasing an additional 36,705 shares during the period. Stifel Financial Corp's holdings in Verra Mobility were worth $1,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRRM. Crossmark Global Holdings Inc. lifted its position in Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock valued at $742,000 after acquiring an additional 391 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after purchasing an additional 418 shares during the last quarter. Signaturefd LLC boosted its position in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after purchasing an additional 561 shares during the period. RiverPark Advisors LLC grew its stake in Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company's stock worth $534,000 after buying an additional 642 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after buying an additional 694 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRRM. Robert W. Baird lowered their target price on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Morgan Stanley reduced their target price on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, November 1st.

Verra Mobility Trading Up 0.1 %

NASDAQ:VRRM opened at $23.66 on Friday. 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 market capitalization of $3.90 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The stock has a fifty day simple moving average of $24.48 and a 200-day simple moving average of $26.55. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. On average, equities research analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.