Phocas Financial Corp. Sells 1,757 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Phocas Financial Corp. cut its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,080 shares of the company’s stock after selling 1,757 shares during the period. Phocas Financial Corp. owned approximately 0.18% of Verra Mobility worth $5,405,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Verra Mobility by 73.6% during the first quarter. US Bancorp DE now owns 1,588 shares of the company’s stock valued at $27,000 after acquiring an additional 673 shares during the period. Pacer Advisors Inc. bought a new stake in Verra Mobility during the second quarter valued at about $27,000. Amundi bought a new stake in Verra Mobility during the fourth quarter valued at about $43,000. Point72 Middle East FZE bought a new stake in Verra Mobility during the fourth quarter valued at about $61,000. Finally, TCTC Holdings LLC bought a new stake in Verra Mobility during the fourth quarter valued at about $69,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Verra Mobility from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 20th. Deutsche Bank Aktiengesellschaft raised shares of Verra Mobility from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Verra Mobility from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th.

Verra Mobility Price Performance

NASDAQ:VRRM traded down $0.12 during mid-day trading on Tuesday, hitting $18.90. The company’s stock had a trading volume of 410,114 shares, compared to its average volume of 1,655,674. Verra Mobility Co. has a fifty-two week low of $12.76 and a fifty-two week high of $21.54. The company has a current ratio of 3.00, a quick ratio of 2.89 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 1.86 and a beta of 1.23. The stock has a fifty day moving average of $19.43 and a 200-day moving average of $18.29.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Verra Mobility had a net margin of 9.80% and a return on equity of 54.50%. The firm had revenue of $204.46 million during the quarter, compared to analyst estimates of $199.08 million. As a group, equities analysts forecast that Verra Mobility Co. will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Craig C. Conti sold 37,780 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $19.14, for a total value of $723,109.20. Following the completion of the transaction, the chief financial officer now owns 27,906 shares of the company’s stock, valued at $534,120.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

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.