ExodusPoint Capital Management LP Purchases New Position in NV5 Global, Inc. (NASDAQ:NVEE)

ExodusPoint Capital Management LP purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 58,490 shares of the business services provider's stock, valued at approximately $1,102,000. ExodusPoint Capital Management LP owned 0.09% of NV5 Global at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NVEE. Vanguard Group Inc. boosted its position in shares of NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after purchasing an additional 2,793,280 shares in the last quarter. American Century Companies Inc. boosted its holdings in NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after buying an additional 1,639,014 shares in the last quarter. Bank of New York Mellon Corp grew its position in NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after buying an additional 1,420,417 shares during the period. Swedbank AB grew its position in NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after buying an additional 1,282,296 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in 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 buying an additional 1,185,754 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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NV5 Global Trading Down 0.3 %

Shares of NVEE stock traded down $0.04 during mid-day trading on Wednesday, hitting $15.90. 64,032 shares of the company's stock were exchanged, compared to its average volume of 410,699. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.63 and a beta of 1.07. The stock has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $19.89. NV5 Global, Inc. has a fifty-two week low of $15.14 and a fifty-two week high of $26.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data 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). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Equities analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its Board of Directors has approved a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVEE. Roth Mkm lifted their price objective 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 cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st.

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.