American Century Companies Inc. Boosts Stake in NV5 Global, Inc. (NASDAQ:NVEE)

American Century Companies Inc. boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 322.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,147,358 shares of the business services provider's stock after acquiring an additional 1,639,014 shares during the period. American Century Companies Inc. owned 3.30% of NV5 Global worth $40,456,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in shares of NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock worth $593,000 after acquiring an additional 703 shares during the last quarter. Blue Trust Inc. grew its position in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. Janus Henderson Group PLC increased its stake in NV5 Global by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock valued at $750,000 after purchasing an additional 2,396 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 2,483 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

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NV5 Global Price Performance

NV5 Global stock remained flat at $19.27 during midday trading on Tuesday. 551,652 shares of the company were exchanged, compared to its average volume of 400,210. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company's 50 day simple moving average is $18.24 and its 200 day simple moving average is $20.34. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $243.46 million. As a group, equities analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its board has approved a stock buyback plan on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

NVEE has been the subject of several analyst reports. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research 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, Roth Mkm boosted their price target 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 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.