Versor Investments LP Buys New Shares in Verra Mobility Co. (NASDAQ:VRRM)

Versor Investments LP purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,300 shares of the company's stock, valued at approximately $676,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRRM. Quest Partners LLC grew its stake in shares of Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company's stock worth $27,000 after acquiring an additional 953 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Verra Mobility during the 1st quarter valued at about $26,000. Signaturefd LLC raised its holdings in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after buying an additional 561 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Verra Mobility in the first quarter worth approximately $74,000. Finally, Fifth Third Bancorp lifted its stake in shares of Verra Mobility by 713.5% in the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after buying an additional 2,740 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VRRM shares. Morgan Stanley decreased their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price target on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird decreased their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, November 1st.

Verra Mobility Stock Performance

Shares of VRRM traded down $0.13 during trading hours on Thursday, hitting $23.32. The stock had a trading volume of 1,053,834 shares, compared to its average volume of 1,094,530. The firm has a market capitalization of $3.84 billion, a PE ratio of 38.87, a PEG ratio of 2.10 and a beta of 1.27. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 12 month low of $19.63 and a 12 month high of $31.03. The stock has a fifty day moving average price of $26.30 and a 200 day moving average price of $27.06.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

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.