Voya Investment Management LLC Has $16.89 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Voya Investment Management LLC raised its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 255.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 896,645 shares of the business services provider's stock after purchasing an additional 644,070 shares during the period. Voya Investment Management LLC owned about 1.38% of NV5 Global worth $16,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in NV5 Global by 299.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 103,596 shares of the business services provider's stock valued at $1,952,000 after buying an additional 77,652 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of NV5 Global by 378.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,370 shares of the business services provider's stock valued at $422,000 after acquiring an additional 17,697 shares during the period. MGO One Seven LLC bought a new position in NV5 Global in the 4th quarter worth about $208,000. Stifel Financial Corp increased its position in NV5 Global by 286.8% in the 4th quarter. Stifel Financial Corp now owns 20,411 shares of the business services provider's stock valued at $385,000 after acquiring an additional 15,134 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in shares of NV5 Global by 94.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,278 shares of the business services provider's stock valued at $231,000 after purchasing an additional 5,969 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NVEE shares. Roth Mkm raised their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Maxim Group decreased their target price on 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, StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

NV5 Global Stock Performance

NVEE traded up $0.79 during trading on Wednesday, reaching $18.55. 734,024 shares of the company's stock were exchanged, compared to its average volume of 423,259. The company has a market capitalization of $1.21 billion, a P/E ratio of 37.66, a PEG ratio of 2.63 and a beta of 1.07. The business has a 50 day moving average price of $17.60 and a 200 day moving average price of $19.41. 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 quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its 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 business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. As a group, analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its board has authorized a stock buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.