Connors Investor Services Inc. raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 389.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,222 shares of the business services provider's stock after acquiring an additional 110,805 shares during the quarter. Connors Investor Services Inc. owned 0.21% of NV5 Global worth $2,623,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in NVEE. Vanguard Group Inc. lifted its position in shares of NV5 Global by 288.4% in the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after acquiring an additional 2,793,280 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NV5 Global by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock worth $47,370,000 after acquiring an additional 1,901,998 shares during the last quarter. American Century Companies Inc. grew its stake in NV5 Global by 322.4% in the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after acquiring an additional 1,639,014 shares during the period. Bank of New York Mellon Corp raised its holdings in NV5 Global by 1,572.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after acquiring an additional 1,420,417 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after purchasing an additional 1,282,296 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st.
Check Out Our Latest Research Report on NVEE
NV5 Global Stock Performance
Shares of NVEE traded up $0.27 during midday trading on Monday, hitting $18.93. 92,305 shares of the stock traded hands, compared to its average volume of 424,707. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The business's 50 day moving average price is $17.63 and its two-hundred day moving average price is $19.28. The firm has a market capitalization of $1.24 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. Equities research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global announced that its board has authorized a stock repurchase program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
About NV5 Global
(
Free Report)
NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
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