Maryland State Retirement & Pension System lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 300.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,592 shares of the business services provider's stock after purchasing an additional 13,194 shares during the quarter. Maryland State Retirement & Pension System's holdings in NV5 Global were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of NVEE. BNP Paribas Financial Markets grew its position in NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock worth $593,000 after purchasing an additional 703 shares during the period. Blue Trust Inc. boosted its stake in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after buying an additional 1,864 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of NV5 Global by 42.5% in the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock worth $750,000 after acquiring an additional 2,396 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after acquiring an additional 2,483 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after acquiring an additional 2,680 shares during the period. 75.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on NVEE. StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Roth Mkm boosted 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 decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st.
Get Our Latest Analysis on NVEE
NV5 Global Stock Performance
Shares of NVEE stock traded down $0.08 during trading hours on Friday, reaching $19.25. 688,723 shares of the company traded hands, compared to its average volume of 397,397. The firm has a 50-day moving average price of $18.22 and a 200 day moving average price of $20.40. The company has a market cap of $1.26 billion, a P/E ratio of 39.09, a P/E/G ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a 12-month low of $16.77 and a 12-month high of $26.14.
NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly 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). The firm had revenue of $246.52 million for the quarter, compared to analysts' expectations 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 predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.
NV5 Global announced that its board has approved a share buyback plan on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
About NV5 Global
(
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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