Snyder Capital Management L P Acquires 110,645 Shares of Verra Mobility Corp $VRRM

Snyder Capital Management L P boosted its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,170,280 shares of the company’s stock after acquiring an additional 110,645 shares during the quarter. Snyder Capital Management L P owned approximately 1.36% of Verra Mobility worth $53,606,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Verra Mobility by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock valued at $153,722,000 after acquiring an additional 281,465 shares during the period. William Blair Investment Management LLC lifted its position in Verra Mobility by 34.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,479,448 shares of the company’s stock valued at $85,942,000 after purchasing an additional 896,564 shares during the period. American Century Companies Inc. lifted its position in Verra Mobility by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock valued at $65,271,000 after purchasing an additional 259,330 shares during the period. Sunriver Management LLC boosted its stake in shares of Verra Mobility by 7.5% in the 2nd quarter. Sunriver Management LLC now owns 2,064,798 shares of the company’s stock valued at $52,425,000 after purchasing an additional 144,403 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Verra Mobility during the 2nd quarter worth approximately $49,577,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VRRM shares. Robert W. Baird set a $24.00 price target on Verra Mobility in a research report on Wednesday, February 25th. Morgan Stanley reduced their target price on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Verra Mobility presently has an average rating of “Hold” and a consensus price target of $24.75.

Verra Mobility Stock Down 1.7%

Verra Mobility stock opened at $16.50 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. Verra Mobility Corp has a 1-year low of $15.58 and a 1-year high of $25.83. The company has a fifty day simple moving average of $20.19 and a 200 day simple moving average of $22.31. The company has a market cap of $2.63 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The company had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

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.