Verra Mobility Corporation Buyback
OLI recorded this information on 11/21/2022
Company:
Verra Mobility Corporation
Buyback:
VRRM buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that its Board of Directors has approved a stock repurchase program, which authorizes the Company to repurchase up to $100 million of its Class A common stock over the next eighteen months from time to time in open market transactions, accelerated share repurchases or in privately negotiated transactions, each as permitted under applicable rules and regulations.
Verra Mobility is a provider of smart mobility technology solutions throughout the U.S., Australia, Europe and Canada. Co.'s solutions are provided through three segments: Commercial Services, which provides automated toll and violations management and title and registration solutions to rental car companies, fleet management companies and other fleet owners; Government Solutions, which provides automated safety solutions including road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes; and Parking Solutions, which provides end-to-end commercial parking management solutions in the markets it serves.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: VRRM Stock Forecast Based on Zacks ABR data; powered by Xignite |
