Victory Capital Management Inc. Trims Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Victory Capital Management Inc. trimmed its stake in Verra Mobility Co. (NASDAQ:VRRM) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,936 shares of the company’s stock after selling 7,006 shares during the period. Victory Capital Management Inc. owned 0.16% of Verra Mobility worth $7,125,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after purchasing an additional 391 shares in the last quarter. Montag A & Associates Inc. boosted its stake in Verra Mobility by 17.1% during the first quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock worth $76,000 after acquiring an additional 445 shares in the last quarter. Franklin Resources Inc. grew its holdings in Verra Mobility by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 52,050 shares of the company’s stock worth $1,199,000 after purchasing an additional 674 shares during the period. Sage Rhino Capital LLC lifted its holdings in shares of Verra Mobility by 3.3% during the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock valued at $668,000 after purchasing an additional 793 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Verra Mobility by 9.1% in the 2nd quarter. Natixis Advisors LLC now owns 11,774 shares of the company’s stock worth $320,000 after purchasing an additional 983 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley upped their price target on shares of Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $27.15 on Monday. The firm has a market capitalization of $4.52 billion, a PE ratio of 54.30, a P/E/G ratio of 1.77 and a beta of 1.27. Verra Mobility Co. has a 52 week low of $18.31 and a 52 week high of $31.03. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average price of $28.26 and a 200-day moving average price of $26.38.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $222.43 million for the quarter, compared to the consensus estimate of $220.32 million. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. As a group, equities research analysts expect that Verra Mobility Co. will post 1.07 earnings per share for the current year.

Verra Mobility Company 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.