NV5 Global, Inc. (NASDAQ:NVEE) Stock Holdings Increased by QV Investors Inc.

QV Investors Inc. increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 914.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 48,580 shares of the business services provider's stock after acquiring an additional 43,790 shares during the period. QV Investors Inc. owned approximately 0.07% of NV5 Global worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of NV5 Global by 313.3% in the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after acquiring an additional 73,944 shares during the last quarter. Barclays PLC raised its stake in NV5 Global by 352.5% during the third quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock worth $2,235,000 after acquiring an additional 18,623 shares during the period. Geode Capital Management LLC lifted its holdings in NV5 Global by 1.6% in the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider's stock worth $30,577,000 after acquiring an additional 5,035 shares during the last quarter. American Century Companies Inc. boosted its stake in NV5 Global by 16.6% in the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider's stock valued at $42,461,000 after acquiring an additional 65,186 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of NV5 Global by 3.2% during the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider's stock valued at $349,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Insider Buying and Selling

In other news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.40% of the stock is owned by corporate insiders.

NV5 Global Price Performance

NVEE traded down $0.60 during trading on Monday, reaching $18.27. The stock had a trading volume of 650,364 shares, compared to its average volume of 507,038. The stock has a 50 day moving average of $20.86 and a two-hundred day moving average of $22.60. 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 firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 3.21 and a beta of 1.22. NV5 Global, Inc. has a 1-year low of $18.21 and a 1-year high of $28.29.

NV5 Global announced that its board has initiated a share buyback plan on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVEE. Robert W. Baird cut their price target on NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. StockNews.com upgraded NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.

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.