Russell Investments Group Ltd. Has $3.31 Million Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Russell Investments Group Ltd. increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 405.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,582 shares of the business services provider's stock after acquiring an additional 140,835 shares during the quarter. Russell Investments Group Ltd. owned about 0.27% of NV5 Global worth $3,308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NVEE. Envestnet Asset Management Inc. increased its stake in NV5 Global by 322.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 173,273 shares of the business services provider's stock worth $3,264,000 after acquiring an additional 132,260 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of NV5 Global during the 4th quarter worth $908,000. Wells Fargo & Company MN increased its position in shares of NV5 Global by 351.6% in the fourth quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider's stock worth $2,071,000 after purchasing an additional 85,582 shares during the period. Pitcairn Co. lifted its position in NV5 Global by 565.8% during the fourth quarter. Pitcairn Co. now owns 22,336 shares of the business services provider's stock worth $421,000 after purchasing an additional 18,981 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in NV5 Global during the fourth quarter worth about $1,102,000. Institutional investors and hedge funds own 75.54% of the company's stock.

NV5 Global Trading Up 3.1 %

Shares of NV5 Global stock traded up $0.47 on Tuesday, hitting $15.59. The stock had a trading volume of 421,564 shares, compared to its average volume of 411,372. The stock has a 50 day moving average of $17.67 and a 200 day moving average of $19.63. The firm has a market capitalization of $1.02 billion, a P/E ratio of 31.65, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

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

NV5 Global declared that its Board of Directors has initiated a share buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in 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 usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

NVEE has been the topic of several recent analyst reports. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Roth Mkm boosted their target price on NV5 Global from $27.00 to $28.00 and gave the stock 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.