Wells Fargo & Company MN Purchases 85,582 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Wells Fargo & Company MN boosted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 351.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,922 shares of the business services provider's stock after acquiring an additional 85,582 shares during the period. Wells Fargo & Company MN owned 0.17% of NV5 Global worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in NV5 Global by 296.5% during the 4th 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 period. KBC Group NV raised its position in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after acquiring an additional 3,550 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock valued at $106,000 after purchasing an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A boosted its position in shares of NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock valued at $108,000 after purchasing an additional 3,570 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Stock Up 1.9 %

NVEE stock traded up $0.33 during trading on Tuesday, reaching $17.76. 627,472 shares of the stock were exchanged, compared to its average volume of 420,320. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The firm's 50 day moving average is $17.59 and its 200 day moving average is $19.42. The firm has a market cap of $1.16 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The firm had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a stock 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 buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.