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

Teacher Retirement System of Texas purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in NV5 Global by 363.9% during the fourth quarter. US Bancorp DE now owns 13,679 shares of the business services provider's stock worth $258,000 after buying an additional 10,730 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NV5 Global by 325.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider's stock valued at $12,925,000 after purchasing an additional 524,937 shares during the period. Victory Capital Management Inc. grew its stake in NV5 Global by 179.0% in the 4th quarter. Victory Capital Management Inc. now owns 33,915 shares of the business services provider's stock valued at $639,000 after purchasing an additional 21,758 shares during the period. Arizona State Retirement System grew its stake in NV5 Global by 306.2% in the 4th quarter. Arizona State Retirement System now owns 16,995 shares of the business services provider's stock valued at $320,000 after purchasing an additional 12,811 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in NV5 Global by 359.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the business services provider's stock valued at $116,000 after purchasing an additional 4,799 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Price Performance

NASDAQ NVEE traded down $0.17 on Friday, reaching $23.18. 498,864 shares of the company's stock traded hands, compared to its average volume of 525,287. The stock has a market cap of $1.55 billion, a PE ratio of 46.83, a P/E/G ratio of 1.47 and a beta of 1.13. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The stock has a 50-day simple moving average of $22.05 and a 200 day simple moving average of $19.38. 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 (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings results 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 9.12% and a net margin of 3.19%. The business had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. As a group, research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on NVEE. Sidoti upgraded NV5 Global to a "hold" rating in a research note on Friday, May 16th. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Lake Street Capital downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. CJS Securities downgraded NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, Maxim Group reissued a "hold" rating on shares of NV5 Global in a report on Thursday, July 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, NV5 Global 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.