98,011 Shares in NV5 Global, Inc. (NASDAQ:NVEE) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 98,011 shares of the business services provider's stock, valued at approximately $1,889,000. Wedge Capital Management L L P NC owned 0.15% of NV5 Global at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 in the last quarter. Cercano Management LLC grew its holdings in shares of NV5 Global by 208.8% during 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 last quarter. Dimensional Fund Advisors LP increased its position in NV5 Global by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock worth $47,370,000 after purchasing an additional 1,901,998 shares in the last quarter. American Century Companies Inc. lifted its stake in NV5 Global by 322.4% in the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in NV5 Global by 1,572.9% in 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 in the last quarter. Institutional investors own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

NVEE has been the subject of several research analyst reports. Sidoti raised NV5 Global to a "hold" rating in a research report on Friday, May 16th. CJS Securities downgraded NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Wall Street Zen lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Maxim Group reduced their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, NV5 Global has a consensus rating of "Hold" and a consensus price target of $25.67.

NV5 Global Stock Down 0.0%

NV5 Global stock traded down $0.01 during mid-day trading on Thursday, reaching $22.95. The stock had a trading volume of 277,366 shares, compared to its average volume of 485,687. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 2.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $26.14. The company has a 50-day moving average price of $19.23 and a two-hundred day moving average price of $19.02.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (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 firm had revenue of $123.20 million during the quarter, compared to analysts' expectations of $229.89 million. On average, analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal 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.