Eagle Asset Management Inc. Has $4.36 Million Stake in Verra Mobility Co. (NASDAQ:VRRM)

Eagle Asset Management Inc. lowered its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 56.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,873 shares of the company’s stock after selling 204,512 shares during the period. Eagle Asset Management Inc. owned approximately 0.10% of Verra Mobility worth $4,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VRRM. Charles Schwab Investment Management Inc. raised its holdings in shares of Verra Mobility by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,661 shares of the company’s stock worth $47,824,000 after acquiring an additional 37,131 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Verra Mobility during the 3rd quarter valued at approximately $924,000. Moran Wealth Management LLC grew its position in shares of Verra Mobility by 32.5% during the 3rd quarter. Moran Wealth Management LLC now owns 21,002 shares of the company’s stock valued at $584,000 after acquiring an additional 5,152 shares during the period. First Horizon Advisors Inc. grew its position in shares of Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares during the period. Finally, Premier Fund Managers Ltd lifted its stake in shares of Verra Mobility by 13.3% during the 3rd quarter. Premier Fund Managers Ltd now owns 61,278 shares of the company’s stock valued at $1,704,000 after buying an additional 7,199 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on VRRM shares. Morgan Stanley dropped their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered their price objective 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 reduced their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $23.64 on Monday. The firm has a market cap of $3.90 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Verra Mobility Co. has a 12-month low of $19.67 and a 12-month high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company’s fifty day simple moving average is $25.87 and its two-hundred day simple moving average is $27.00.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities analysts expect that Verra Mobility Co. will post 1.08 EPS for the current 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.