William Blair Investment Management LLC Purchases 896,564 Shares of Verra Mobility Corp $VRRM

William Blair Investment Management LLC increased its position in Verra Mobility Corp (NASDAQ:VRRM) by 34.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,479,448 shares of the company’s stock after buying an additional 896,564 shares during the period. William Blair Investment Management LLC’s holdings in Verra Mobility were worth $85,942,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Verra Mobility by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after acquiring an additional 281,465 shares in the last quarter. American Century Companies Inc. raised its stake in Verra Mobility by 11.2% during the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after purchasing an additional 259,330 shares in the last quarter. Sunriver Management LLC lifted its position in Verra Mobility by 7.5% during the second quarter. Sunriver Management LLC now owns 2,064,798 shares of the company’s stock valued at $52,425,000 after purchasing an additional 144,403 shares during the last quarter. Norges Bank purchased a new position in shares of Verra Mobility in the 2nd quarter worth $49,577,000. Finally, Franklin Resources Inc. increased its holdings in shares of Verra Mobility by 22.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,701,636 shares of the company’s stock worth $43,205,000 after buying an additional 313,449 shares during the last quarter.

Verra Mobility Price Performance

Shares of VRRM stock opened at $16.71 on Monday. The stock has a 50 day moving average price of $20.53 and a 200 day moving average price of $22.46. Verra Mobility Corp has a 52-week low of $15.58 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The firm has a market capitalization of $2.67 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.72 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The business had revenue of $257.86 million during the quarter, compared to the consensus estimate of $241.17 million. During the same period last year, the company earned $0.33 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. cut their target price on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Robert W. Baird set a $24.00 price target on Verra Mobility in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Verra Mobility has a consensus rating of “Hold” and an average target price of $24.75.

Verra Mobility Company Profile

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.