Y Intercept Hong Kong Ltd Buys 75,822 Shares of Verra Mobility Corp $VRRM

Y Intercept Hong Kong Ltd boosted its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 233.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,334 shares of the company’s stock after buying an additional 75,822 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of Verra Mobility worth $2,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Verra Mobility during the second quarter valued at $49,577,000. Bessemer Group Inc. raised its position in shares of Verra Mobility by 60,338.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,130,799 shares of the company’s stock worth $28,711,000 after acquiring an additional 1,128,928 shares in the last quarter. Man Group plc boosted its position in Verra Mobility by 93.3% during the second quarter. Man Group plc now owns 1,157,292 shares of the company’s stock valued at $29,384,000 after purchasing an additional 558,727 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Verra Mobility by 15.8% in the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock valued at $65,579,000 after acquiring an additional 352,942 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Verra Mobility by 22.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,701,636 shares of the company’s stock valued at $43,205,000 after buying an additional 313,449 shares in the last quarter.

Verra Mobility Trading Down 0.2%

Verra Mobility stock traded down $0.04 during midday trading on Wednesday, hitting $20.00. 25,719 shares of the stock were exchanged, compared to its average volume of 1,156,481. The company has a current ratio of 2.45, a quick ratio of 2.35 and a debt-to-equity ratio of 2.55. The stock’s 50-day simple moving average is $22.02 and its 200 day simple moving average is $23.47. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $26.98. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 62.45, a PEG ratio of 3.26 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $261.94 million during the quarter, compared to analysts’ expectations of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Analysts Set New Price Targets

VRRM has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. UBS Group increased their price objective on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. started coverage on shares of Verra Mobility in a report on Monday. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.25.

Verra Mobility Company 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.