HSBC Holdings becomes Verra Mobility's largest shareholder with a 6.1% stake increase.
HSBC Holdings increased its stake in Verra Mobility Co. by 6.1%, becoming its largest shareholder. In Q2, Verra reported earnings of $0.31 per share, surpassing estimates, with revenue of $222.43 million. Deutsche Bank raised its price target from $28 to $31, while Morgan Stanley increased its target from $22 to $27. Other investors, including Envestnet, also boosted their stakes. Verra Mobility focuses on smart mobility technology solutions.
October 02, 2024
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