Swiss National Bank Has $2.17 Million Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Swiss National Bank lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 306.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,300 shares of the business services provider's stock after buying an additional 86,900 shares during the period. Swiss National Bank owned about 0.18% of NV5 Global worth $2,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in NV5 Global by 1,572.9% in 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 acquiring an additional 1,420,417 shares in the last quarter. Swedbank AB increased its holdings in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the period. Geneva Capital Management LLC lifted its position in shares of 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 worth $30,492,000 after purchasing an additional 1,185,754 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in shares of NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after purchasing an additional 755,467 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in NV5 Global by 325.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider's stock valued at $12,925,000 after purchasing an additional 524,937 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

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NV5 Global Stock Up 0.1 %

Shares of NVEE traded up $0.02 during mid-day trading on Monday, hitting $19.27. 722,410 shares of the company's stock were exchanged, compared to its average volume of 398,691. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.63 and a beta of 1.22. The firm has a fifty day moving average of $18.24 and a two-hundred day moving average of $20.37. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a twelve month low of $16.77 and a twelve month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share 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 firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. On average, sell-side analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVEE shares. Maxim Group cut their target price 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 cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Roth Mkm boosted their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note 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.