Sei Investments Co. Acquires 159,601 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Sei Investments Co. raised its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 25.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 775,015 shares of the company’s stock after purchasing an additional 159,601 shares during the period. Sei Investments Co. owned approximately 0.47% of Verra Mobility worth $18,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC lifted its position in shares of Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after buying an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility during the fourth quarter worth $74,000. Arcadia Investment Management Corp MI purchased a new position in Verra Mobility in the fourth quarter worth $129,000. PNC Financial Services Group Inc. grew its stake in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after purchasing an additional 409 shares during the period. Finally, KBC Group NV increased its position in shares of Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock valued at $171,000 after purchasing an additional 2,710 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their price target on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday.

Verra Mobility Stock Performance

Shares of VRRM opened at $20.80 on Friday. 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 stock has a 50-day moving average price of $24.13 and a 200-day moving average price of $24.81. The company has a market cap of $3.32 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03.

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.