SG Americas Securities LLC Makes New $2.73 Million Investment in Verra Mobility Corp $VRRM

SG Americas Securities LLC acquired a new position in Verra Mobility Corp (NASDAQ:VRRM) during the third quarter, HoldingsChannel reports. The firm acquired 110,318 shares of the company’s stock, valued at approximately $2,725,000.

A number of other institutional investors have also modified their holdings of VRRM. Norges Bank acquired a new stake in Verra Mobility during the 2nd quarter worth approximately $49,577,000. Bessemer Group Inc. increased its position in shares of Verra Mobility by 60,338.2% in the second 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 raised its stake in shares of Verra Mobility by 93.3% in the 2nd quarter. Man Group plc now owns 1,157,292 shares of the company’s stock valued at $29,384,000 after acquiring an additional 558,727 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Verra Mobility by 15.8% during the 2nd 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. lifted its holdings in shares of 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 acquiring an additional 313,449 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. UBS Group raised their target price on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Verra Mobility presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Verra Mobility Trading Down 1.4%

NASDAQ:VRRM opened at $22.82 on Wednesday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 71.31, a price-to-earnings-growth ratio of 3.67 and a beta of 0.60. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.35 and a current ratio of 2.45. The business’s 50-day simple moving average is $22.22 and its 200 day simple moving average is $23.73.

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

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.