Maryland State Retirement & Pension System Sells 23,918 Shares of Verra Mobility Corp $VRRM

Maryland State Retirement & Pension System trimmed its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 51.0% in the third quarter, Holdings Channel reports. The fund owned 22,936 shares of the company’s stock after selling 23,918 shares during the period. Maryland State Retirement & Pension System’s holdings in Verra Mobility were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BCS Private Wealth Management Inc. grew its position in shares of Verra Mobility by 7.0% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 12,925 shares of the company’s stock valued at $319,000 after purchasing an additional 850 shares during the period. Nisa Investment Advisors LLC raised its holdings in Verra Mobility by 9.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock worth $161,000 after buying an additional 574 shares during the period. Oak Family Advisors LLC lifted its stake in Verra Mobility by 7.2% in the third quarter. Oak Family Advisors LLC now owns 223,498 shares of the company’s stock valued at $5,520,000 after buying an additional 14,999 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Verra Mobility in the third quarter valued at approximately $2,725,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Verra Mobility during the third quarter worth $1,602,000.

Verra Mobility Trading Down 0.5%

Verra Mobility stock opened at $21.90 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 68.44, a P/E/G ratio of 3.49 and a beta of 0.60. The firm has a 50-day moving average of $22.14 and a 200-day moving average of $23.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VRRM shares. Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. UBS Group boosted their price target 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 reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.

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.