Verra Mobility Corp $VRRM Stake Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,683,402 shares of the company’s stock after selling 216,100 shares during the quarter. Mackenzie Financial Corp owned about 2.31% of Verra Mobility worth $90,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRRM. Royal Bank of Canada boosted its stake in Verra Mobility by 14.3% during the 1st quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock valued at $3,342,000 after purchasing an additional 18,562 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Verra Mobility by 21.7% during the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock valued at $777,000 after purchasing an additional 6,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Verra Mobility by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock worth $2,209,000 after buying an additional 4,302 shares in the last quarter. Millennium Management LLC raised its stake in shares of Verra Mobility by 208.0% in the 1st quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock worth $8,451,000 after buying an additional 253,529 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Verra Mobility by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after buying an additional 293,082 shares during the period.

Verra Mobility Stock Down 2.1%

Shares of Verra Mobility stock opened at $15.73 on Thursday. Verra Mobility Corp has a 12-month low of $15.58 and a 12-month high of $25.83. The firm has a market capitalization of $2.38 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.61 and a beta of 0.60. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. The stock’s fifty day moving average is $19.56 and its 200-day moving average is $22.02.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Equities analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRRM shares. Morgan Stanley lowered their target price on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 28th. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Weiss Ratings reissued 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.00.

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.