Victory Capital Management Inc. Raises Position in NV5 Global, Inc. (NASDAQ:NVEE)

Victory Capital Management Inc. grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 179.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,915 shares of the business services provider's stock after purchasing an additional 21,758 shares during the quarter. Victory Capital Management Inc. owned approximately 0.05% of NV5 Global worth $639,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of 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 valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. KBC Group NV grew its holdings in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. Cetera Trust Company N.A raised its position in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after purchasing an additional 3,570 shares during the period. Finally, Liberty One Investment Management LLC lifted its stake in NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider's stock worth $128,000 after purchasing an additional 5,157 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

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NV5 Global Trading Up 0.3 %

Shares of NASDAQ:NVEE traded up $0.05 during midday trading on Tuesday, hitting $19.42. 835,818 shares of the stock traded hands, compared to its average volume of 379,031. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.27 billion, a PE ratio of 39.43, a P/E/G ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The business's 50 day moving average is $18.15 and its two-hundred day moving average is $20.48.

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 analysts' consensus estimates of $0.30 by ($0.02). The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its Board of Directors has initiated a share buyback plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Roth Mkm lifted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Maxim Group lowered their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st.

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.