Envestnet Asset Management Inc. Has $3.26 Million Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Envestnet Asset Management Inc. increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 322.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,273 shares of the business services provider's stock after purchasing an additional 132,260 shares during the period. Envestnet Asset Management Inc. owned 0.27% of NV5 Global worth $3,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted 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 buying an additional 1,864 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after purchasing an additional 2,483 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of 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 in the last quarter. KBC Group NV raised its holdings in shares of NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its stake in NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after purchasing an additional 3,570 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

NV5 Global Price Performance

NVEE stock traded up $0.79 during midday trading on Wednesday, hitting $18.55. 734,024 shares of the stock were exchanged, compared to its average volume of 423,259. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14. 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 50-day moving average price is $17.62 and its 200-day moving average price is $19.40. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.63 and a beta of 1.07.

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

NV5 Global announced that its Board of Directors has initiated a share repurchase plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.