Voya Investment Management LLC Purchases 644,070 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Voya Investment Management LLC increased its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 255.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 896,645 shares of the business services provider's stock after acquiring an additional 644,070 shares during the quarter. Voya Investment Management LLC owned about 1.38% of NV5 Global worth $16,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its position in NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider's stock worth $2,172,000 after purchasing an additional 86,900 shares during the period. QV Investors Inc. lifted its stake in shares of NV5 Global by 914.2% during the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock valued at $915,000 after buying an additional 43,790 shares in the last quarter. Nordea Investment Management AB boosted its holdings in NV5 Global by 313.3% in the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after buying an additional 73,944 shares during the period. Linden Thomas Advisory Services LLC grew its stake in NV5 Global by 292.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock valued at $945,000 after buying an additional 37,384 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after acquiring an additional 2,483 shares during the period. 75.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NVEE has been the subject of a number of analyst reports. Roth Mkm raised their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Maxim Group decreased their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st.

NV5 Global Price Performance

NASDAQ:NVEE traded up $0.23 during trading hours on Friday, hitting $18.66. The stock had a trading volume of 483,650 shares, compared to its average volume of 426,009. The company has a 50 day simple moving average of $17.63 and a two-hundred day simple moving average of $19.31. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.63 and a beta of 1.07. 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.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its 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 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. Research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has authorized 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 repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is 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.