NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 271.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,977 shares of the business services provider's stock after purchasing an additional 92,056 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.19% of NV5 Global worth $2,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVEE. Vanguard Group Inc. boosted its stake in NV5 Global by 288.4% during the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after buying an additional 2,793,280 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 1,901,998 shares during the period. American Century Companies Inc. boosted its stake in NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after buying an additional 1,639,014 shares during the period. Swedbank AB boosted its stake in NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after buying an additional 1,282,296 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in NV5 Global by 274.0% during the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock worth $30,492,000 after buying an additional 1,185,754 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on NVEE shares. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Sidoti raised shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Roth Mkm increased their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Maxim Group reduced their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, NV5 Global currently has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Price Performance

Shares of NASDAQ:NVEE traded down $0.10 during midday trading on Friday, hitting $22.17. 538,640 shares of the stock were exchanged, compared to its average volume of 466,823. The company has a 50 day moving average price of $18.72 and a 200-day moving average price of $19.01. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The stock has a market cap of $1.46 billion, a P/E ratio of 45.02, a PEG ratio of 2.63 and a beta of 1.08. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global Company 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.