NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 57.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,605 shares of the business services provider's stock after buying an additional 53,723 shares during the quarter. Federated Hermes Inc. owned about 0.22% of NV5 Global worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas increased its position in NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,050 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares during the period. GAMMA Investing LLC boosted its holdings in NV5 Global by 9,916.7% in the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after acquiring an additional 2,975 shares during the last quarter. Signaturefd LLC acquired a new stake in NV5 Global during the first quarter worth about $66,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of NV5 Global in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

NVEE has been the subject of a number of research analyst reports. Wall Street Zen downgraded 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. Maxim Group restated a "hold" rating on shares of NV5 Global in a report on Thursday, July 3rd. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, William Blair restated a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Performance

Shares of NASDAQ NVEE remained flat at $22.56 during midday trading on Thursday. The company's 50 day moving average is $22.76 and its 200 day moving average is $19.87. The company has a market capitalization of $1.51 billion, a P/E ratio of 45.58, a PEG ratio of 1.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.86. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $25.96.

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.