Legal & General Group Plc Buys 111,733 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Legal & General Group Plc raised its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 287.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,617 shares of the business services provider's stock after buying an additional 111,733 shares during the period. Legal & General Group Plc owned 0.23% of NV5 Global worth $2,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after acquiring an additional 2,793,280 shares during the period. American Century Companies Inc. raised its position in shares of 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 acquiring an additional 1,639,014 shares during the last quarter. Swedbank AB lifted its stake 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 worth $30,752,000 after acquiring an additional 1,282,296 shares during the period. Geneva Capital Management LLC boosted 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 acquiring an additional 1,185,754 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NV5 Global by 1,572.9% during the 4th 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 purchasing an additional 1,420,417 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

NV5 Global Stock Down 0.2 %

Shares of NASDAQ:NVEE traded down $0.03 during trading on Friday, reaching $16.06. 402,015 shares of the stock were exchanged, compared to its average volume of 413,255. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The stock has a fifty day moving average of $17.59 and a two-hundred day moving average of $19.48. 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 firm has a market cap of $1.05 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued 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 return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. Research analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has authorized a share repurchase plan on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVEE has been the subject of several recent analyst reports. Roth Mkm increased their price objective 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. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note 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.