Inspire Investing LLC Increases Position in NV5 Global, Inc. (NASDAQ:NVEE)

Inspire Investing LLC grew its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,756 shares of the business services provider’s stock after purchasing an additional 115 shares during the period. Inspire Investing LLC’s holdings in NV5 Global were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVEE. QV Investors Inc. raised its stake in NV5 Global by 2.6% during the second quarter. QV Investors Inc. now owns 4,660 shares of the business services provider’s stock valued at $433,000 after buying an additional 120 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of NV5 Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock worth $728,000 after purchasing an additional 137 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in NV5 Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock worth $1,091,000 after purchasing an additional 145 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in NV5 Global by 1.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 15,798 shares of the business services provider’s stock valued at $1,548,000 after purchasing an additional 155 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in NV5 Global by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 167 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

Insider Activity

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the transaction, the director now owns 5,150 shares of the company’s stock, valued at $496,048. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and issued a $130.00 target price (up previously from $128.00) on shares of NV5 Global in a research note on Thursday, August 8th.

NV5 Global Stock Down 0.1 %

NVEE stock opened at $90.66 on Tuesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 35.83, a P/E/G ratio of 1.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global, Inc. has a 1-year low of $87.05 and a 1-year high of $115.01. The business has a fifty day moving average price of $95.73 and a 200-day moving average price of $94.72.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The business had revenue of $236.33 million during the quarter, compared to analyst estimates of $235.58 million. During the same quarter in the previous year, the firm earned $1.29 EPS. NV5 Global’s revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that NV5 Global, Inc. will post 5.12 earnings per share for the current fiscal year.

NV5 Global Company 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.