Insight Wealth Strategies LLC Has $2.34 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Insight Wealth Strategies LLC lowered its stake in Verra Mobility Co. (NASDAQ:VRRMFree Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,594 shares of the company’s stock after selling 4,381 shares during the period. Insight Wealth Strategies LLC’s holdings in Verra Mobility were worth $2,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRRM. Dimensional Fund Advisors LP boosted its holdings in shares of Verra Mobility by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after acquiring an additional 189,492 shares in the last quarter. Fairview Capital Investment Management LLC grew its holdings in shares of Verra Mobility by 6.6% during the fourth quarter. Fairview Capital Investment Management LLC now owns 2,298,973 shares of the company’s stock worth $52,945,000 after purchasing an additional 142,175 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Verra Mobility by 1,439.4% in the third quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock valued at $31,923,000 after buying an additional 1,596,194 shares during the period. Principal Financial Group Inc. raised its holdings in Verra Mobility by 67.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,676,017 shares of the company’s stock valued at $84,659,000 after buying an additional 1,474,740 shares during the last quarter. Finally, Meritage Portfolio Management boosted its position in Verra Mobility by 5.6% during the 4th quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock worth $700,000 after buying an additional 1,605 shares during the period.

Verra Mobility Trading Up 1.4 %

VRRM stock traded up $0.37 during trading on Wednesday, hitting $26.62. The company had a trading volume of 1,078,959 shares, compared to its average volume of 837,969. The stock has a market cap of $4.43 billion, a PE ratio of 53.24, a PEG ratio of 1.77 and a beta of 1.22. The business has a 50-day moving average of $25.79 and a 200-day moving average of $23.84. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. Verra Mobility Co. has a one year low of $17.04 and a one year high of $28.45.

Verra Mobility (NASDAQ:VRRMGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $209.73 million during the quarter, compared to the consensus estimate of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. Research analysts predict that Verra Mobility Co. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Verra Mobility

In other Verra Mobility news, EVP Jonathan Baldwin sold 9,758 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.14, for a total transaction of $255,074.12. Following the transaction, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the completion of the sale, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $477,662.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Baldwin sold 9,758 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.14, for a total value of $255,074.12. Following the completion of the transaction, the executive vice president now owns 7,673 shares in the company, valued at approximately $200,572.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,993 shares of company stock valued at $736,974. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price target on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 27th.

Check Out Our Latest Research Report on VRRM

About Verra Mobility

(Free Report)

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.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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