Phocas Financial Corp. Sells 213,669 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Phocas Financial Corp. trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 85.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,466 shares of the company’s stock after selling 213,669 shares during the quarter. Phocas Financial Corp.’s holdings in Verra Mobility were worth $906,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of Verra Mobility by 10.3% in the third 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. Signaturefd LLC lifted its position in shares of 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 acquiring an additional 561 shares during the period. Tealwood Asset Management Inc. increased its position in shares of Verra Mobility by 1.4% in the fourth 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 during the period. RiverPark Advisors LLC raised its stake in Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after purchasing an additional 642 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Verra Mobility by 27.5% during the third 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 period.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley lowered their price objective 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. Finally, Robert W. Baird reduced their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Verra Mobility Trading Up 1.2 %

Shares of Verra Mobility stock opened at $26.16 on Wednesday. The firm has a market capitalization of $4.31 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm’s 50 day moving average is $25.36 and its 200 day moving average is $25.67. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03.

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.