Teacher Retirement System of Texas Makes New Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Teacher Retirement System of Texas purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 167,214 shares of the business services provider's stock, valued at approximately $3,222,000. Teacher Retirement System of Texas owned 0.26% of NV5 Global as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in NV5 Global by 288.4% in the 4th 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. Cercano Management LLC raised its stake in shares of NV5 Global by 208.8% in the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock valued at $73,958,000 after purchasing an additional 2,654,405 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NV5 Global by 310.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after purchasing an additional 1,901,998 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of NV5 Global by 322.4% in the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after purchasing an additional 1,639,014 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $24,549,000 after buying an additional 975,677 shares during the period. Institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on NVEE shares. Sidoti upgraded NV5 Global to a "hold" rating in a research note on Friday, May 16th. CJS Securities cut shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wall Street Zen cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Maxim Group restated a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Performance

Shares of NVEE opened at $23.11 on Wednesday. The firm has a 50-day moving average of $21.77 and a 200-day moving average of $19.29. The company has a market cap of $1.55 billion, a PE ratio of 46.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. 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 one year low of $14.75 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. The business had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. As a group, equities analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.