Verra Mobility Corp $VRRM Stock Position Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in Verra Mobility Corp (NASDAQ:VRRM) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 3,683,402 shares of the company’s stock after selling 216,100 shares during the period. Mackenzie Financial Corp’s holdings in Verra Mobility were worth $90,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming boosted its position in shares of Verra Mobility by 1.5% in the third quarter. State of Wyoming now owns 31,483 shares of the company’s stock worth $778,000 after buying an additional 454 shares during the period. Smartleaf Asset Management LLC lifted its stake in Verra Mobility by 14.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,922 shares of the company’s stock worth $97,000 after acquiring an additional 508 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Verra Mobility by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,583 shares of the company’s stock worth $1,126,000 after acquiring an additional 511 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Verra Mobility by 35.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,020 shares of the company’s stock worth $50,000 after acquiring an additional 526 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Verra Mobility by 9.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock valued at $161,000 after acquiring an additional 574 shares in the last quarter.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $15.73 on Thursday. Verra Mobility Corp has a fifty-two week low of $15.58 and a fifty-two week high of $25.83. The stock’s 50-day moving average is $19.56 and its two-hundred day moving average is $22.02. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.10 and a quick ratio of 2.00. The firm has a market cap of $2.38 billion, a P/E ratio of 18.51, a PEG ratio of 2.61 and a beta of 0.60.

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

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley cut their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.00.

Verra Mobility 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.