Texas Permanent School Fund Corp Raises Position in Verra Mobility Corp $VRRM

Texas Permanent School Fund Corp grew its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 56.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,629 shares of the company’s stock after acquiring an additional 51,674 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Verra Mobility worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after purchasing an additional 460 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares during the period. CWM LLC lifted its position in shares of Verra Mobility by 112.2% during the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after buying an additional 798 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after acquiring an additional 2,255 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Verra Mobility by 46.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after acquiring an additional 1,087 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Verra Mobility in a report on Monday, December 8th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Robert W. Baird upped their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, UBS Group increased their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Verra Mobility presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Verra Mobility Price Performance

VRRM stock opened at $21.94 on Friday. 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 company’s fifty day moving average price is $22.72 and its 200-day moving average price is $23.96. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.20. The company has a market capitalization of $3.50 billion, a PE ratio of 68.56, a price-to-earnings-growth ratio of 3.61 and a beta of 0.62.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly 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 net margin of 5.42% and a return on equity of 60.72%. 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 firm posted $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. On average, equities analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.