Verra Mobility Corp $VRRM Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 622,345 shares of the company’s stock after purchasing an additional 78,835 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.39% of Verra Mobility worth $15,372,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Verra Mobility during the second quarter worth approximately $49,577,000. Bessemer Group Inc. increased its holdings in shares of Verra Mobility by 60,338.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,130,799 shares of the company’s stock valued at $28,711,000 after acquiring an additional 1,128,928 shares during the period. Man Group plc raised its position in 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 purchasing an additional 558,727 shares during the last quarter. William Blair Investment Management LLC boosted its stake in 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 worth $65,579,000 after purchasing an additional 352,942 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Verra Mobility by 22.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,701,636 shares of the company’s stock worth $43,205,000 after purchasing an additional 313,449 shares during the period.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $18.37 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.45 and a debt-to-equity ratio of 2.55. The company has a 50-day moving average price of $21.28 and a 200 day moving average price of $22.94. Verra Mobility Corp has a 52 week low of $17.08 and a 52 week high of $26.89. The company has a market cap of $2.93 billion, a P/E ratio of 57.41, a PEG ratio of 2.90 and a beta of 0.59.

Analysts Set New Price Targets

A number of research firms have commented on VRRM. JPMorgan Chase & Co. initiated coverage on shares of Verra Mobility in a research note on Monday, January 26th. They issued a “neutral” rating and a $25.00 price objective on the stock. UBS Group boosted their price target on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised Verra Mobility from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.25.

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.