Juncture Wealth Strategies LLC Cuts Stake in Verra Mobility Co. (NASDAQ:VRRM)

Juncture Wealth Strategies LLC cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC increased its position in Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after acquiring an additional 745 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Verra Mobility in the 4th quarter valued at approximately $74,000. Blue Trust Inc. boosted its stake in Verra Mobility by 27.5% in 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 in the last quarter. Finally, US Bancorp DE grew its position in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares during the last quarter.

Verra Mobility Stock Performance

Shares of NASDAQ VRRM opened at $26.71 on Friday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 2.17 and a beta of 1.23. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month high of $31.03. The company has a 50 day simple moving average of $24.20 and a two-hundred day simple moving average of $26.19. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly 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 for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

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

About Verra Mobility

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.