NV5 Global, Inc. (NASDAQ:NVEE) Stock Holdings Increased by Formula Growth Ltd.

Formula Growth Ltd. lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 280.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,000 shares of the business services provider's stock after buying an additional 43,500 shares during the period. Formula Growth Ltd. owned approximately 0.09% of NV5 Global worth $1,112,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVEE. Barclays PLC raised its holdings in shares of NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock worth $2,235,000 after purchasing an additional 18,623 shares during the period. Geode Capital Management LLC increased its position in NV5 Global by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider's stock worth $30,577,000 after purchasing an additional 5,035 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after buying an additional 2,483 shares during the period. Nordea Investment Management AB grew its stake in NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after buying an additional 73,944 shares during the period. Finally, QV Investors Inc. increased its position in shares of NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after acquiring an additional 43,790 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Up 1.0 %

NVEE stock traded up $0.16 during trading on Thursday, reaching $15.91. The stock had a trading volume of 116,404 shares, compared to its average volume of 410,401. 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 firm has a fifty day moving average price of $17.63 and a 200 day moving average price of $19.60. The company has a market capitalization of $1.04 billion, a P/E ratio of 32.29, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

NVEE has been the subject of a number of research reports. Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st.

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.