Sovereign s Capital Management LLC Takes $1.19 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Sovereign s Capital Management LLC acquired a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 49,069 shares of the company’s stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VRRM. American Century Companies Inc. boosted its stake in shares of Verra Mobility by 2,915.3% in the 4th quarter. American Century Companies Inc. now owns 2,086,049 shares of the company’s stock valued at $50,441,000 after buying an additional 2,016,866 shares during the period. Norges Bank purchased a new position in shares of Verra Mobility in the 4th quarter valued at about $46,156,000. Sunriver Management LLC purchased a new position in shares of Verra Mobility in the 4th quarter valued at about $33,503,000. Westwood Holdings Group Inc. boosted its stake in shares of Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock valued at $107,862,000 after buying an additional 994,775 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company’s stock valued at $220,323,000 after buying an additional 837,648 shares during the period.

Analyst Ratings Changes

VRRM has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. UBS Group decreased their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research note on Thursday, May 8th. Baird R W upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley decreased their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Verra Mobility has an average rating of “Buy” and an average price target of $27.38.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider now owns 1,179 shares of the company’s stock, valued at $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by corporate insiders.

Verra Mobility Price Performance

VRRM stock opened at $23.72 on Monday. The business has a 50 day moving average price of $21.93 and a 200 day moving average price of $23.53. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week 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.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal 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.