XTX Topco Ltd Acquires Shares of 27,069 NV5 Global, Inc. (NASDAQ:NVEE)

XTX Topco Ltd purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,069 shares of the business services provider's stock, valued at approximately $510,000.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares in the last quarter. Blue Trust Inc. increased its position in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. lifted its position 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 valued at $68,000 after purchasing an additional 2,680 shares during the last quarter. KBC Group NV increased its holdings in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of NV5 Global by 300.0% during the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock worth $106,000 after acquiring an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

NV5 Global Trading Up 2.4 %

NASDAQ:NVEE traded up $0.38 during mid-day trading on Thursday, reaching $16.13. 287,441 shares of the company's stock traded hands, compared to its average volume of 411,505. The company has a 50 day moving average price of $17.63 and a 200-day moving average price of $19.60. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 32.75, a PEG 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 12-month low of $14.75 and a 12-month high of $26.14.

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 analysts' consensus estimates of $0.30 by ($0.02). The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, sell-side analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its board has authorized a stock buyback plan 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 repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

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

NV5 Global 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.