Fifth Third Bancorp Raises Stake in Verra Mobility Corp $VRRM

Fifth Third Bancorp boosted its stake in Verra Mobility Corp (NASDAQ:VRRM) by 14,423.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,865 shares of the company’s stock after purchasing an additional 138,902 shares during the quarter. Fifth Third Bancorp’s holdings in Verra Mobility were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VRRM. Granite Investment Partners LLC lifted its holdings in shares of Verra Mobility by 121.3% in the first quarter. Granite Investment Partners LLC now owns 181,153 shares of the company’s stock worth $2,589,000 after buying an additional 99,292 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Verra Mobility during the 1st quarter worth approximately $4,750,000. Argos Wealth Advisors LLC increased its holdings in Verra Mobility by 31.2% during the 1st quarter. Argos Wealth Advisors LLC now owns 38,064 shares of the company’s stock worth $544,000 after acquiring an additional 9,062 shares during the period. New York State Teachers Retirement System boosted its holdings in Verra Mobility by 2.2% in the 1st quarter. New York State Teachers Retirement System now owns 61,907 shares of the company’s stock valued at $885,000 after purchasing an additional 1,351 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of Verra Mobility by 9.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 26,184 shares of the company’s stock valued at $374,000 after purchasing an additional 2,240 shares in the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $4.00 on Thursday. The company’s fifty day moving average price is $5.97 and its 200-day moving average price is $13.27. The firm has a market capitalization of $607.64 million, a price-to-earnings ratio of 4.88 and a beta of 0.43. Verra Mobility Corp has a one year low of $3.40 and a one year high of $25.57. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The company had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

More Verra Mobility News

Here are the key news stories impacting Verra Mobility this week:

• Positive Sentiment: No clearly positive company-specific catalysts were reported in the latest news batch.
• Neutral Sentiment: Multiple law firms, including Rosen, Pomerantz, Faruqi & Faruqi, and others, issued reminders about the August 4 lead-plaintiff deadline in the pending VRRM securities class action. Deadline Alert article
• Neutral Sentiment: Hagens Berman said it is broadening its investigation after Verra disclosed an abrupt leadership transition and the loss of a major contract, adding to uncertainty around future revenue and execution. Hagens Berman deadline article
• Neutral Sentiment: Brokerage commentary also pointed to an average rating of “Reduce,” which can add to negative sentiment but is not a direct operating update. Brokerage rating article
• Negative Sentiment: The concentration of lawsuit-related headlines suggests investors are worried about the stock’s legal overhang, possible settlement costs, and whether the earlier contract disruption exposed deeper business risks for Verra Mobility. Rosen deadline article

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRRM. Weiss Ratings cut shares of Verra Mobility from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 17th. Morgan Stanley set a $4.00 target price on Verra Mobility in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded Verra Mobility from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $5.00 to $6.00 in a research note on Monday, July 13th. CJS Securities cut Verra Mobility from a “market outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Verra Mobility from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.50.

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.