Raymond James Financial Inc. Makes New Investment in Verra Mobility Co. (NASDAQ:VRRM)

Raymond James Financial Inc. bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 215,799 shares of the company’s stock, valued at approximately $5,218,000.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the period. Avanza Fonder AB purchased a new position in Verra Mobility during the fourth quarter valued at approximately $74,000. Arcadia Investment Management Corp MI bought a new position in Verra Mobility in the fourth quarter worth approximately $129,000. Finally, KBC Group NV lifted its holdings in Verra Mobility by 61.9% during the fourth quarter. KBC Group NV now owns 7,090 shares of the company’s stock worth $171,000 after buying an additional 2,710 shares during the period.

Verra Mobility Trading Down 0.9 %

Shares of NASDAQ:VRRM opened at $21.07 on Wednesday. The company has a market capitalization of $3.36 billion, a PE ratio of 35.12, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03. The business’s fifty day simple moving average is $24.31 and its 200-day simple moving average is $24.87.

About Verra Mobility

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.