Verra Mobility Corp $VRRM Shares Acquired by Sunriver Management LLC

Sunriver Management LLC increased its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,284,774 shares of the company’s stock after acquiring an additional 219,976 shares during the period. Verra Mobility comprises 6.1% of Sunriver Management LLC’s investment portfolio, making the stock its 3rd biggest position. Sunriver Management LLC’s holdings in Verra Mobility were worth $56,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Verra Mobility by 14.3% during the first quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock worth $3,342,000 after purchasing an additional 18,562 shares during the period. AQR Capital Management LLC lifted its position in shares of Verra Mobility by 21.7% during the first quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock worth $777,000 after purchasing an additional 6,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Verra Mobility by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock valued at $2,209,000 after purchasing an additional 4,302 shares during the period. Millennium Management LLC grew its holdings in shares of Verra Mobility by 208.0% in the first quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock valued at $8,451,000 after purchasing an additional 253,529 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Verra Mobility by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after purchasing an additional 293,082 shares in the last quarter.

Wall Street Analyst Weigh In

VRRM has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Robert W. Baird set a $24.00 price objective on Verra Mobility in a research report on Wednesday, February 25th. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.00.

Verra Mobility Stock Down 0.5%

NASDAQ:VRRM traded down $0.08 during mid-day trading on Friday, hitting $15.08. The stock had a trading volume of 35,877 shares, compared to its average volume of 1,532,811. Verra Mobility Corp has a twelve month low of $15.12 and a twelve month high of $25.83. The stock has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $21.97. The company has a current ratio of 2.10, a quick ratio of 2.00 and a debt-to-equity ratio of 3.49. The company has a market capitalization of $2.28 billion, a PE ratio of 17.77, a PEG ratio of 2.56 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 EPS 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 firm had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. During the same quarter last year, the firm earned $0.33 EPS. The company’s revenue was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current 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.