American Century Companies Inc. Sells 559,506 Shares of Verra Mobility Co. (NASDAQ:VRRM)

American Century Companies Inc. cut its stake in Verra Mobility Co. (NASDAQ:VRRM) by 45.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 658,282 shares of the company’s stock after selling 559,506 shares during the period. American Century Companies Inc. owned 0.40% of Verra Mobility worth $17,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Verra Mobility by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after purchasing an additional 189,492 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after buying an additional 231,566 shares during the period. Fairview Capital Investment Management LLC lifted its holdings in Verra Mobility by 6.6% in the fourth quarter. Fairview Capital Investment Management LLC now owns 2,298,973 shares of the company’s stock valued at $52,945,000 after buying an additional 142,175 shares during the period. UniSuper Management Pty Ltd bought a new stake in Verra Mobility during the first quarter valued at $782,000. Finally, BNP Paribas Financial Markets grew its holdings in Verra Mobility by 26.7% during the 1st quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company’s stock worth $3,618,000 after acquiring an additional 30,548 shares during the period.

Verra Mobility Trading Up 0.3 %

NASDAQ:VRRM opened at $27.80 on Friday. Verra Mobility Co. has a 12 month low of $18.49 and a 12 month high of $31.03. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 55.60, a PEG ratio of 1.77 and a beta of 1.27. The firm has a fifty day simple moving average of $28.18 and a two-hundred day simple moving average of $26.46.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The company had revenue of $222.43 million during the quarter, compared to the consensus estimate of $220.32 million. During the same period last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts expect that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft boosted 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 boosted their price target on Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th.

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.