SG Americas Securities LLC Acquires 159,331 Shares of Verra Mobility Corp $VRRM

SG Americas Securities LLC raised its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 144.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 269,649 shares of the company’s stock after acquiring an additional 159,331 shares during the quarter. SG Americas Securities LLC’s holdings in Verra Mobility were worth $6,043,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Verra Mobility during the third quarter valued at $1,602,000. Thornburg Investment Management Inc. purchased a new position in Verra Mobility in the 3rd quarter worth about $7,597,000. William Blair Investment Management LLC lifted its stake 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 acquiring an additional 896,564 shares during the period. Sunriver Management LLC boosted its holdings in shares of Verra Mobility by 10.7% during the 3rd quarter. Sunriver Management LLC now owns 2,284,774 shares of the company’s stock valued at $56,434,000 after acquiring an additional 219,976 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Verra Mobility by 233.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 108,334 shares of the company’s stock worth $2,676,000 after acquiring an additional 75,822 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on VRRM shares. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a report on Wednesday, February 25th. Morgan Stanley cut their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Verra Mobility from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verra Mobility currently has an average rating of “Hold” and an average price target of $23.50.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $14.29 on Wednesday. Verra Mobility Corp has a 12-month low of $13.84 and a 12-month high of $25.83. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.60. 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 firm has a 50 day moving average of $17.27 and a 200 day moving average of $20.99.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The business had revenue of $257.86 million for the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s quarterly 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, research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share 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.