Verra Mobility Corp $VRRM Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Verra Mobility Corp (NASDAQ:VRRM) by 27.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,271,864 shares of the company’s stock after purchasing an additional 273,698 shares during the quarter. Bank of New York Mellon Corp’s holdings in Verra Mobility were worth $32,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Verra Mobility by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $105,000 after purchasing an additional 430 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after acquiring an additional 460 shares during the last quarter. Xponance Inc. grew its stake in Verra Mobility by 4.9% during the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after acquiring an additional 586 shares in the last quarter. Townsquare Capital LLC raised its holdings in Verra Mobility by 5.9% in the 1st quarter. Townsquare Capital LLC now owns 12,110 shares of the company’s stock valued at $273,000 after acquiring an additional 674 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Verra Mobility by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 38,004 shares of the company’s stock valued at $965,000 after acquiring an additional 728 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRRM. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Robert W. Baird boosted their price objective on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Verra Mobility in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Verra Mobility currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $22.67 on Friday. The firm has a market cap of $3.62 billion, a PE ratio of 70.85, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $27.20. The business’s fifty day simple moving average is $24.02 and its 200-day simple moving average is $24.23.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $261.94 million during the quarter, compared to the consensus estimate of $237.68 million. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Equities analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

About Verra Mobility

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.