Juncture Wealth Strategies LLC Lowers Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Juncture Wealth Strategies LLC decreased its position in Verra Mobility Co. (NASDAQ:VRRM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,562 shares of the company’s stock after selling 581 shares during the period. Juncture Wealth Strategies LLC’s holdings in Verra Mobility were worth $957,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VRRM. Signaturefd LLC increased its holdings in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares in the last quarter. First Horizon Advisors Inc. grew its position 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 purchasing an additional 745 shares during the period. Avanza Fonder AB purchased a new stake in shares of Verra Mobility during the fourth quarter worth about $74,000. Blue Trust Inc. raised its position in shares of Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares in the last quarter.

Verra Mobility Trading Up 0.9 %

VRRM opened at $26.71 on Friday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company’s 50 day simple moving average is $24.20 and its two-hundred day simple moving average is $26.19. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Analysts expect that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VRRM has been the subject of several research reports. Robert W. Baird reduced their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley lowered their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th.

Verra Mobility Profile

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.