William Blair Investment Management LLC Acquires 896,564 Shares of Verra Mobility Corp $VRRM

William Blair Investment Management LLC increased its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 34.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,479,448 shares of the company’s stock after buying an additional 896,564 shares during the quarter. William Blair Investment Management LLC owned about 2.18% of Verra Mobility worth $85,942,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC boosted its holdings in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after acquiring an additional 822 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after purchasing an additional 1,217 shares during the last quarter. CWM LLC grew its position in Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock worth $72,000 after buying an additional 2,255 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Verra Mobility by 46.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after buying an additional 1,087 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VRRM shares. JPMorgan Chase & Co. cut their price target on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a research note 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. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.75.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $16.71 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. Verra Mobility Corp has a 52 week low of $15.58 and a 52 week high of $25.83. The business’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $22.46. The stock has a market cap of $2.67 billion, a PE ratio of 19.66, a P/E/G ratio of 2.72 and a beta of 0.60.

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 during the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current fiscal 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.