Snyder Capital Management L P Buys 110,645 Shares of Verra Mobility Corp $VRRM

Snyder Capital Management L P boosted its stake in Verra Mobility Corp (NASDAQ:VRRM) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,170,280 shares of the company’s stock after buying an additional 110,645 shares during the period. Snyder Capital Management L P’s holdings in Verra Mobility were worth $53,606,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Verra Mobility by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after purchasing an additional 281,465 shares during the period. William Blair Investment Management LLC grew its stake in shares of Verra Mobility by 34.7% in the third 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 in the last quarter. American Century Companies Inc. increased its position in Verra Mobility by 11.2% during the second quarter. American Century Companies Inc. now owns 2,570,738 shares of the company’s stock worth $65,271,000 after acquiring an additional 259,330 shares during the period. Sunriver Management LLC raised its stake in Verra Mobility by 7.5% in the 2nd quarter. Sunriver Management LLC now owns 2,064,798 shares of the company’s stock worth $52,425,000 after purchasing an additional 144,403 shares in the last quarter. Finally, Norges Bank bought a new stake in Verra Mobility in the 2nd quarter valued at about $49,577,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price objective on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley cut their target price on 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. Robert W. Baird set a $24.00 target price on Verra Mobility in a report on Wednesday, February 25th. Finally, Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.75.

Verra Mobility Trading Down 1.7%

Shares of VRRM stock opened at $16.50 on Thursday. The stock’s fifty day moving average price is $20.19 and its two-hundred day moving average price is $22.31. The company has a market cap of $2.63 billion, a PE ratio of 19.41, a P/E/G ratio of 2.73 and a beta of 0.60. Verra Mobility Corp has a fifty-two week low of $15.58 and a fifty-two week high of $25.83. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly 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 return on equity of 57.45% and a net margin of 13.95%.The business had revenue of $257.86 million for the quarter, compared to analyst estimates of $241.17 million. During the same period last year, the firm posted $0.33 EPS. Verra Mobility’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. Equities analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

About Verra Mobility

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.