Campbell Newman Asset Management Inc. Purchases 53,014 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Campbell Newman Asset Management Inc. raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 297.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,811 shares of the business services provider's stock after buying an additional 53,014 shares during the period. Campbell Newman Asset Management Inc. owned about 0.11% of NV5 Global worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NVEE. QV Investors Inc. raised its holdings in shares of NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after acquiring an additional 43,790 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of NV5 Global by 313.3% in the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after purchasing an additional 73,944 shares in the last quarter. Barclays PLC boosted its position in shares of NV5 Global by 352.5% during the third quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock valued at $2,235,000 after buying an additional 18,623 shares during the last quarter. Geode Capital Management LLC grew its holdings in NV5 Global by 1.6% during the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider's stock worth $30,577,000 after buying an additional 5,035 shares in the last quarter. Finally, American Century Companies Inc. raised its position in NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider's stock valued at $42,461,000 after buying an additional 65,186 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Stock Performance

Shares of NV5 Global stock traded up $0.08 during trading hours on Wednesday, hitting $18.09. 690,143 shares of the company's stock traded hands, compared to its average volume of 514,105. The company has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $22.53. 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 stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.21 and a beta of 1.22. NV5 Global, Inc. has a 12-month low of $17.97 and a 12-month high of $28.29.

NV5 Global declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. This represents a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVEE has been the topic of a number of analyst reports. StockNews.com raised shares of NV5 Global from a "hold" rating to a "buy" rating in a report on Thursday, December 26th. Robert W. Baird dropped their target price on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th.

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.