NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 288.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,761,947 shares of the business services provider's stock after acquiring an additional 2,793,280 shares during the period. Vanguard Group Inc. owned 5.78% of NV5 Global worth $70,875,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of NV5 Global by 12.5% during the 3rd 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 during the period. Janus Henderson Group PLC boosted its stake in NV5 Global by 42.5% during the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock worth $750,000 after buying an additional 2,396 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of NV5 Global during the third quarter valued at about $492,000. Barclays PLC boosted its stake in shares of NV5 Global by 352.5% in the third quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock valued at $2,235,000 after purchasing an additional 18,623 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 valued at $30,577,000 after purchasing an additional 5,035 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have commented on NVEE shares. Maxim Group decreased 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 report on Friday, February 21st. StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st.

NV5 Global Stock Down 0.4 %

Shares of NASDAQ:NVEE traded down $0.07 during trading hours on Wednesday, reaching $15.87. The stock had a trading volume of 49,879 shares, compared to its average volume of 410,655. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.63 and a beta of 1.07. The firm's 50 day moving average is $17.89 and its 200-day moving average is $19.89. NV5 Global, Inc. has a 1 year low of $15.14 and a 1 year 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 posted 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). The business had revenue of $246.52 million for the quarter, compared to analysts' expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has initiated a share repurchase program on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is 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.