Cubist Systematic Strategies LLC Acquires Shares of 95,395 NV5 Global, Inc. (NASDAQ:NVEE)

Cubist Systematic Strategies LLC purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 95,395 shares of the business services provider's stock, valued at approximately $1,797,000. Cubist Systematic Strategies LLC owned approximately 0.15% of NV5 Global at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC boosted its position in shares of NV5 Global by 352.5% during the third quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock worth $2,235,000 after buying an additional 18,623 shares during the period. JPMorgan Chase & Co. boosted its holdings in NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares during the period. QV Investors Inc. boosted its holdings in NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock valued at $915,000 after purchasing an additional 43,790 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in NV5 Global by 297.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock valued at $1,334,000 after purchasing an additional 53,014 shares during the period. Finally, Heritage Family Offices LLP purchased a new position in NV5 Global in the fourth quarter valued at $196,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Stock Performance

Shares of NVEE traded down $0.14 during midday trading on Friday, reaching $22.05. 1,649,109 shares of the stock were exchanged, compared to its average volume of 455,472. The business's 50-day moving average price is $17.98 and its 200 day moving average price is $19.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 2.63 and a beta of 1.08.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. On average, sell-side analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. 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. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, William Blair restated a "market perform" rating on shares of NV5 Global in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, NV5 Global has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Profile

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.