NV5 Global, Inc. (NASDAQ:NVEE) Stock Position Increased by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 376.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 293,108 shares of the business services provider's stock after buying an additional 231,582 shares during the quarter. Sei Investments Co. owned 0.45% of NV5 Global worth $5,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVEE. BNP Paribas Financial Markets lifted its position in shares of NV5 Global by 12.5% during the third 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 in the last quarter. Blue Trust Inc. lifted its holdings 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 worth $47,000 after buying an additional 1,864 shares in the last quarter. Janus Henderson Group PLC boosted its position in NV5 Global by 42.5% in the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock valued at $750,000 after buying an additional 2,396 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock valued at $5,884,000 after acquiring an additional 2,483 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after acquiring an additional 2,680 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Mkm raised their price objective on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Maxim Group dropped 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 note on Friday, February 21st. Finally, StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded down $1.45 during trading on Friday, reaching $18.00. The stock had a trading volume of 1,010,490 shares, compared to its average volume of 405,158. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $1.17 billion, a PE ratio of 36.55, 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 firm's 50 day moving average price is $18.25 and its two-hundred day moving average price is $20.27.

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

NV5 Global announced that its Board of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

NV5 Global 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.