William Blair Investment Management LLC Buys 181,072 Shares of Verra Mobility Co. (NASDAQ:VRRM)

William Blair Investment Management LLC lifted its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,854,284 shares of the company's stock after buying an additional 181,072 shares during the period. William Blair Investment Management LLC owned approximately 1.73% of Verra Mobility worth $69,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in shares of Verra Mobility during the fourth quarter valued at $373,000. Royce & Associates LP lifted its holdings in Verra Mobility by 3.2% in the 4th quarter. Royce & Associates LP now owns 49,620 shares of the company's stock worth $1,200,000 after purchasing an additional 1,542 shares during the last quarter. Vestcor Inc acquired a new position in shares of Verra Mobility during the fourth quarter worth approximately $290,000. Truvestments Capital LLC lifted its holdings in shares of Verra Mobility by 7.3% during the fourth quarter. Truvestments Capital LLC now owns 26,344 shares of the company's stock worth $637,000 after buying an additional 1,792 shares during the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of Verra Mobility by 12.0% during the fourth quarter. Moran Wealth Management LLC now owns 23,515 shares of the company's stock valued at $569,000 after purchasing an additional 2,513 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM traded up $0.07 on Thursday, reaching $20.90. 937,579 shares of the stock traded hands, compared to its average volume of 1,064,887. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 2.18 and a beta of 1.30. 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 $19.51 and a 12 month high of $31.03. The stock's 50-day moving average price is $24.52 and its 200-day moving average price is $25.01.

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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.