Louisiana State Employees Retirement System Raises Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Louisiana State Employees Retirement System increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,200 shares of the business services provider's stock after purchasing an additional 18,900 shares during the period. Louisiana State Employees Retirement System's holdings in NV5 Global were worth $475,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NVEE. Swedbank AB raised its holdings in shares of NV5 Global by 366.4% during the 4th 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 in the last quarter. Tributary Capital Management LLC raised its holdings in shares of NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after acquiring an additional 755,467 shares in the last quarter. Bernzott Capital Advisors purchased a new stake in shares of NV5 Global during the 4th quarter worth approximately $3,721,000. Redwood Grove Capital LLC purchased a new stake in shares of NV5 Global during the 3rd quarter worth approximately $12,599,000. Finally, Woodstock Corp raised its holdings in shares of NV5 Global by 291.7% during the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider's stock worth $2,206,000 after acquiring an additional 87,208 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now owns 45,584 shares of the company's stock, valued at $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVEE has been the topic of several recent research reports. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday. Roth Mkm upped their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird decreased their price objective on NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Finally, Maxim Group cut their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, NV5 Global presently has a consensus rating of "Moderate Buy" and an average target price of $25.67.

NV5 Global Trading Up 1.8 %

Shares of NASDAQ NVEE traded up $0.32 during trading hours on Friday, hitting $17.75. 1,034,374 shares of the company traded hands, compared to its average volume of 433,467. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company's 50 day moving average price is $18.52 and its 200 day moving average price is $21.38. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $27.77.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. On average, equities research analysts anticipate that NV5 Global, Inc. will post 1.19 earnings per share for the current fiscal year.

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

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.