Bank of America Corp DE Buys 97,290 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Bank of America Corp DE raised its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 516.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,140 shares of the business services provider's stock after acquiring an additional 97,290 shares during the quarter. Bank of America Corp DE owned approximately 0.18% of NV5 Global worth $2,188,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NVEE. Swiss National Bank increased its position in shares of NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock valued at $2,172,000 after buying an additional 86,900 shares during the period. Bank of New York Mellon Corp increased its position in shares of NV5 Global by 1,572.9% during the fourth 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 buying an additional 1,420,417 shares during the period. Amundi increased its position in shares of NV5 Global by 998.0% during the fourth quarter. Amundi now owns 25,178 shares of the business services provider's stock valued at $482,000 after buying an additional 22,885 shares during the period. Geode Capital Management LLC increased its position in shares of NV5 Global by 298.3% during the fourth quarter. Geode Capital Management LLC now owns 1,302,719 shares of the business services provider's stock valued at $24,549,000 after buying an additional 975,677 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of NV5 Global by 351.6% during the fourth quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider's stock valued at $2,071,000 after buying an additional 85,582 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Stock Up 0.4%

NASDAQ:NVEE traded up $0.08 during mid-day trading on Friday, hitting $22.22. 514,119 shares of the company's stock were exchanged, compared to its average volume of 475,558. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $18.95 and a 200 day moving average price of $19.00. The company has a market cap of $1.46 billion, a PE ratio of 45.12, a P/E/G ratio of 2.63 and a beta of 1.14.

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 the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $229.89 million. Equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

NVEE has been the topic of several research analyst reports. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Lake Street Capital cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Sidoti upgraded shares of NV5 Global to a "hold" rating in a research report on Friday, May 16th. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.67.

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.