Harbor Capital Advisors Inc. Has $4.52 Million Stock Holdings in Verra Mobility Corp $VRRM

Harbor Capital Advisors Inc. decreased its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 71.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 182,887 shares of the company’s stock after selling 453,031 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Verra Mobility were worth $4,517,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Verra Mobility by 46.6% during the 2nd 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 period. CWM LLC lifted its position in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Verra Mobility by 285.8% during the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock worth $72,000 after purchasing an additional 2,255 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock valued at $87,000 after purchasing an additional 1,087 shares in the last quarter.

Verra Mobility Stock Performance

VRRM stock opened at $22.34 on Thursday. The firm has a 50 day moving average of $22.58 and a two-hundred day moving average of $23.90. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $27.20. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 69.80, a P/E/G ratio of 3.65 and a beta of 0.62. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million during the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. Verra Mobility’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. As a group, equities analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VRRM. Wall Street Zen upgraded shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. UBS Group upped their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.