Integrated Wealth Concepts LLC Grows Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Integrated Wealth Concepts LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 299.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,596 shares of the business services provider's stock after acquiring an additional 77,652 shares during the quarter. Integrated Wealth Concepts LLC owned 0.16% of NV5 Global worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NVEE. Sterling Capital Management LLC lifted its stake in 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 acquiring an additional 1,461 shares in the last quarter. Blue Trust Inc. increased its position in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. lifted its stake in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares during the period. KBC Group NV grew its holdings in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after acquiring an additional 3,550 shares during the period. Finally, Natixis grew its stake in shares of NV5 Global by 295.0% during the fourth quarter. Natixis now owns 4,353 shares of the business services provider's stock worth $82,000 after purchasing an additional 3,251 shares during the period. Institutional investors own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVEE. StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Maxim Group lowered their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded up $0.79 during trading hours on Wednesday, reaching $18.55. 734,024 shares of the stock were exchanged, compared to its average volume of 423,259. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock's fifty day simple moving average is $17.60 and its 200 day simple moving average is $19.41. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 37.66, a P/E/G ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Sell-side analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a share repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

About NV5 Global

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.