LPL Financial LLC Purchases 36,678 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

LPL Financial LLC increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 362.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,805 shares of the business services provider's stock after buying an additional 36,678 shares during the quarter. LPL Financial LLC owned 0.07% of NV5 Global worth $882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVEE. Blue Trust Inc. lifted its holdings in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. raised its position in NV5 Global by 296.5% in the 4th 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. KBC Group NV boosted its position in NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after purchasing an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC increased its position in NV5 Global by 300.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock worth $106,000 after buying an additional 4,200 shares in the last quarter. Finally, Cetera Trust Company N.A boosted its stake in shares of NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after acquiring an additional 3,570 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NVEE shares. Roth Mkm lifted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st.

NV5 Global Stock Down 0.9 %

Shares of NVEE stock traded down $0.15 during trading hours on Friday, reaching $15.94. The company had a trading volume of 207,743 shares, compared to its average volume of 411,418. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $1.04 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The stock's fifty day simple moving average is $17.61 and its 200 day simple moving average is $19.56.

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). The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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

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.