ZWJ Investment Counsel Inc. Takes $213,000 Position in Verra Mobility Co. (NASDAQ:VRRM)

ZWJ Investment Counsel Inc. acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,797 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avanza Fonder AB acquired a new stake in Verra Mobility during the 4th quarter worth approximately $74,000. Redhawk Wealth Advisors Inc. increased its position in Verra Mobility by 5.7% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 70,931 shares of the company’s stock worth $1,715,000 after purchasing an additional 3,819 shares in the last quarter. Tealwood Asset Management Inc. increased its position in Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after purchasing an additional 592 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Verra Mobility by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company’s stock worth $14,893,000 after purchasing an additional 10,054 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after purchasing an additional 36,585 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird decreased their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

Verra Mobility Stock Up 2.4 %

NASDAQ VRRM opened at $26.08 on Wednesday. The stock has a market cap of $4.30 billion, a PE ratio of 43.47, a P/E/G ratio of 2.13 and a beta of 1.23. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The business has a 50 day moving average price of $24.02 and a two-hundred day moving average price of $26.21. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

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.