Verra Mobility Corp $VRRM Stake Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 46.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,997 shares of the company’s stock after selling 24,425 shares during the quarter. Corient Private Wealth LLC’s holdings in Verra Mobility were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in VRRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Verra Mobility by 155.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after acquiring an additional 3,215,973 shares during the period. William Blair Investment Management LLC raised its stake in shares of Verra Mobility by 15.8% during the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock valued at $65,579,000 after purchasing an additional 352,942 shares in the last quarter. American Century Companies Inc. lifted its holdings in Verra Mobility by 11.2% in the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock worth $65,271,000 after purchasing an additional 259,330 shares during the period. Sunriver Management LLC grew its position in Verra Mobility by 7.5% in the 2nd quarter. Sunriver Management LLC now owns 2,064,798 shares of the company’s stock valued at $52,425,000 after buying an additional 144,403 shares in the last quarter. Finally, Norges Bank acquired a new position in Verra Mobility during the 2nd quarter valued at about $49,577,000.

Verra Mobility Trading Up 0.8%

Shares of NASDAQ:VRRM opened at $22.50 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.35 and a current ratio of 2.45. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 70.31, a PEG ratio of 3.69 and a beta of 0.62. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $27.20. The company has a 50 day moving average price of $22.50 and a 200 day moving average price of $23.88.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. Verra Mobility had a return on equity of 60.72% and a net margin of 5.42%.The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VRRM shares. UBS Group upped their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Verra Mobility currently has an average rating of “Moderate Buy” and an average price target of $28.00.

About Verra Mobility

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.