ProShare Advisors LLC trimmed its stake in shares of Verra Mobility Co. (NASDAQ:VRRM – Get Rating) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,542 shares of the company's stock after selling 2,904 shares during the period. ProShare Advisors LLC's holdings in Verra Mobility were worth $465,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of Verra Mobility by 1.3% during the fourth quarter. Rhumbline Advisers now owns 159,810 shares of the company's stock worth $2,466,000 after buying an additional 2,083 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Verra Mobility by 19.2% during the first quarter. Virginia Retirement Systems ET AL now owns 14,300 shares of the company's stock worth $233,000 after buying an additional 2,300 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Verra Mobility by 3.9% during the first quarter. Envestnet Asset Management Inc. now owns 62,118 shares of the company's stock worth $1,011,000 after buying an additional 2,318 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Verra Mobility by 6.2% during the first quarter. Campbell & CO Investment Adviser LLC now owns 50,466 shares of the company's stock worth $822,000 after buying an additional 2,966 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Verra Mobility by 12.9% during the first quarter. Principal Financial Group Inc. now owns 27,637 shares of the company's stock worth $450,000 after buying an additional 3,164 shares during the last quarter.
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Shares of VRRM stock opened at $15.70 on Friday. The firm has a fifty day moving average of $16.26 and a 200-day moving average of $15.87. The company has a quick ratio of 2.00, a current ratio of 2.10 and a debt-to-equity ratio of 4.93. Verra Mobility Co. has a 12-month low of $12.70 and a 12-month high of $18.13. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.40 and a beta of 1.23.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Verra Mobility from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Verra Mobility from $18.00 to $19.00 in a research note on Wednesday, July 20th. TheStreet raised shares of Verra Mobility from a "c+" rating to a "b" rating in a research note on Tuesday, August 16th. Finally, Robert W. Baird downgraded shares of Verra Mobility from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.80.About Verra Mobility
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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 Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.
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