Fox Run Management L.L.C. Buys Shares of 17,127 NV5 Global, Inc. (NASDAQ:NVEE)

Fox Run Management L.L.C. acquired a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,127 shares of the business services provider's stock, valued at approximately $323,000.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in NV5 Global by 322.4% during the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after purchasing an additional 1,639,014 shares during the last quarter. Swedbank AB boosted its position in shares of NV5 Global by 366.4% in the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after acquiring an additional 1,282,296 shares during the period. Geneva Capital Management LLC boosted its position in shares of NV5 Global by 274.0% in the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock valued at $30,492,000 after acquiring an additional 1,185,754 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 1,420,417 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after acquiring an additional 755,467 shares during the period. Institutional investors own 75.54% of the company's stock.

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Analysts Set New Price Targets

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

NV5 Global Price Performance

NVEE stock traded down $0.08 during mid-day trading on Friday, hitting $19.25. The stock had a trading volume of 688,723 shares, compared to its average volume of 397,397. The firm has a fifty day simple moving average of $18.22 and a 200 day simple moving average of $20.39. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.26 billion, a P/E ratio of 39.09, a P/E/G ratio of 2.63 and a beta of 1.22.

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 net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. As a group, research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management 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.