Prudential Financial Inc. Has $990,000 Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Prudential Financial Inc. raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 276.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,564 shares of the business services provider's stock after purchasing an additional 38,594 shares during the period. Prudential Financial Inc. owned approximately 0.08% of NV5 Global worth $990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings 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 buying an additional 703 shares in the last quarter. Blue Trust Inc. grew its position in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after acquiring an additional 1,864 shares during the last quarter. Janus Henderson Group PLC grew its position in NV5 Global by 42.5% during the 3rd 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 last quarter. JPMorgan Chase & Co. increased its holdings in NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after purchasing an additional 2,483 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position 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 purchasing an additional 2,680 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

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NV5 Global Trading Down 2.3 %

Shares of NVEE traded down $0.38 during mid-day trading on Friday, reaching $16.24. 413,436 shares of the company were exchanged, compared to its average volume of 410,866. The business has a 50 day simple moving average of $17.97 and a two-hundred day simple moving average of $19.99. 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 capitalization of $1.06 billion, a PE ratio of 32.97, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 52 week low of $15.14 and a 52 week high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $243.46 million. On average, analysts predict 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 buyback program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Maxim Group reduced their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Roth Mkm raised their price target on shares of 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 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.