XTX Topco Ltd Increases Stake in Verra Mobility Corp $VRRM

XTX Topco Ltd grew its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 213.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,679 shares of the company’s stock after purchasing an additional 52,922 shares during the quarter. XTX Topco Ltd’s holdings in Verra Mobility were worth $1,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRRM. Summit Global Investments purchased a new position in shares of Verra Mobility in the second quarter worth $450,000. Prudential Financial Inc. increased its position in shares of Verra Mobility by 2.8% in the second quarter. Prudential Financial Inc. now owns 166,279 shares of the company’s stock valued at $3,914,000 after acquiring an additional 4,520 shares during the period. American Century Companies Inc. raised its stake in shares of Verra Mobility by 11.2% during the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after acquiring an additional 259,330 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Verra Mobility by 1.7% during the second quarter. Rhumbline Advisers now owns 453,525 shares of the company’s stock worth $11,515,000 after purchasing an additional 7,730 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Verra Mobility by 22.6% in the second quarter. Franklin Resources Inc. now owns 1,701,636 shares of the company’s stock worth $43,205,000 after purchasing an additional 313,449 shares during the last quarter.

Verra Mobility Stock Up 1.2%

NASDAQ:VRRM opened at $21.84 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The firm’s 50-day moving average price is $23.50 and its 200-day moving average price is $24.18. The company has a market capitalization of $3.48 billion, a PE ratio of 68.25, a P/E/G ratio of 2.79 and a beta of 0.76. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $27.20.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $261.94 million for the quarter, compared to analysts’ expectations of $237.68 million. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. On average, equities analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VRRM shares. UBS Group upped their price target on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a research note on Wednesday, November 19th. Finally, Robert W. Baird boosted their price objective on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Verra Mobility presently has an average rating of “Moderate Buy” and an average price target of $28.00.

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.