William Blair Investment Management LLC Sells 40,500 Shares of Verra Mobility Corp $VRRM

William Blair Investment Management LLC trimmed its position in Verra Mobility Corp (NASDAQ:VRRMFree Report) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,438,948 shares of the company’s stock after selling 40,500 shares during the quarter. William Blair Investment Management LLC’s holdings in Verra Mobility were worth $77,067,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Verra Mobility by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after purchasing an additional 281,465 shares during the period. Sunriver Management LLC boosted its holdings in Verra Mobility by 10.7% in the 3rd quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock valued at $56,434,000 after purchasing an additional 219,976 shares during the period. Snyder Capital Management L P boosted its holdings in Verra Mobility by 5.4% in the 3rd quarter. Snyder Capital Management L P now owns 2,170,280 shares of the company’s stock valued at $53,606,000 after purchasing an additional 110,645 shares during the period. Franklin Resources Inc. boosted its holdings in Verra Mobility by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,799,662 shares of the company’s stock valued at $44,452,000 after purchasing an additional 98,026 shares during the period. Finally, Palisade Capital Management LP boosted its holdings in Verra Mobility by 4.5% in the 2nd quarter. Palisade Capital Management LP now owns 1,463,945 shares of the company’s stock valued at $37,170,000 after purchasing an additional 62,495 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VRRM. Weiss Ratings downgraded shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Morgan Stanley set a $15.00 price objective on shares of Verra Mobility in a report on Thursday, May 7th. Robert W. Baird set a $20.00 price objective on shares of Verra Mobility in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $22.00 price objective on shares of Verra Mobility in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Verra Mobility from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Verra Mobility currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Read Our Latest Stock Analysis on VRRM

Verra Mobility Stock Performance

NASDAQ VRRM opened at $13.49 on Monday. Verra Mobility Corp has a 52-week low of $12.83 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.77 and a current ratio of 1.89. The company has a market capitalization of $2.05 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.72 and a beta of 0.67. The company has a fifty day moving average of $14.46 and a 200-day moving average of $18.52.

Verra Mobility (NASDAQ:VRRMGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $223.57 million during the quarter, compared to the consensus estimate of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities research analysts predict that Verra Mobility Corp will post 1.22 EPS for the current fiscal year.

Verra Mobility Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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