Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 35.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,446 shares of the company’s stock after selling 1,322 shares during the quarter. Financial Management Professionals Inc.’s holdings in Verra Mobility were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VRRM. JPMorgan Chase & Co. lifted its position in Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after purchasing an additional 36,585 shares during the period. Barclays PLC lifted its holdings in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after buying an additional 235,589 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock worth $86,512,000 after buying an additional 193,686 shares during the last quarter. State Street Corp grew its holdings in Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares during the period. Finally, Braun Stacey Associates Inc. grew its holdings in Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock worth $12,234,000 after acquiring an additional 262,509 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VRRM shares. Morgan Stanley lowered their price objective on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their price objective on shares of 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 Trading Up 1.0 %

Shares of Verra Mobility stock opened at $25.48 on Monday. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The firm’s 50-day moving average price is $23.92 and its 200 day moving average price is $26.23. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $4.20 billion, a PE ratio of 42.47, a P/E/G ratio of 2.05 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $226.65 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal 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.