Principal Financial Group Inc. lifted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 311.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 253,115 shares of the business services provider's stock after purchasing an additional 191,572 shares during the period. Principal Financial Group Inc. owned 0.39% of NV5 Global worth $4,769,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its position in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the last quarter. Versor Investments LP lifted its stake in shares of NV5 Global by 23.7% during the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider's stock valued at $393,000 after acquiring an additional 806 shares during the period. KBC Group NV boosted its holdings 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 valued at $80,000 after acquiring an additional 3,550 shares during the last quarter. MQS Management LLC acquired a new stake in NV5 Global in the third quarter worth about $415,000. Finally, Intech Investment Management LLC bought a new stake in NV5 Global during the 3rd quarter worth about $488,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at NV5 Global
In related news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.40% of the company's stock.
NV5 Global Trading Up 2.2 %
Shares of NASDAQ:NVEE traded up $0.40 during mid-day trading on Friday, reaching $18.35. The stock had a trading volume of 134,606 shares, compared to its average volume of 364,668. The firm has a 50 day simple moving average of $18.27 and a two-hundred day simple moving average of $20.97. NV5 Global, Inc. has a twelve month low of $16.77 and a twelve month high of $26.14. The firm has a market cap of $1.20 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 2.63 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.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. On average, research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global announced that its Board of Directors has initiated a stock buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NVEE shares. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Robert W. Baird reduced their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Roth Mkm upped their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st.
Read Our Latest Stock Analysis on NVEE
NV5 Global Company Profile
(
Free Report)
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.
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