Swedbank AB Sells 642,000 Shares of Verra Mobility Corp $VRRM

Swedbank AB reduced its position in Verra Mobility Corp (NASDAQ:VRRM) by 88.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,400 shares of the company’s stock after selling 642,000 shares during the quarter. Swedbank AB’s holdings in Verra Mobility were worth $1,824,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC increased its holdings in Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after buying an additional 822 shares during the period. Salomon & Ludwin LLC increased its holdings in Verra Mobility by 100.7% in the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after buying an additional 751 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after buying an additional 1,217 shares during the period. Neo Ivy Capital Management bought a new position in Verra Mobility in the 3rd quarter valued at about $60,000. Finally, Osaic Holdings Inc. increased its holdings in Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after buying an additional 2,255 shares during the period.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $14.30 on Monday. The firm’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $19.33. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. Verra Mobility Corp has a one year low of $13.02 and a one year high of $25.83. The company has a market cap of $2.16 billion, a PE ratio of 17.44, a P/E/G ratio of 2.86 and a beta of 0.67.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Wednesday, May 6th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The business had revenue of $223.57 million for the quarter, compared to the consensus estimate of $223.34 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, research analysts anticipate that Verra Mobility Corp will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VRRM shares. Weiss Ratings lowered shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird set a $20.00 price target on shares of Verra Mobility in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $22.00 price target on shares of Verra Mobility in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.40.

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.