NV5 Global, Inc. (NASDAQ:NVEE) Stock Position Increased by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 300.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,860 shares of the business services provider’s stock after buying an additional 9,645 shares during the period. New York State Teachers Retirement System’s holdings in NV5 Global were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVEE. Swedbank AB raised its stake in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after buying an additional 1,282,296 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of NV5 Global by 397.1% in the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock worth $17,817,000 after buying an additional 755,467 shares in the last quarter. Bernzott Capital Advisors bought a new stake in shares of NV5 Global in the 4th quarter worth $3,721,000. Redwood Grove Capital LLC bought a new stake in shares of NV5 Global in the 3rd quarter worth $12,599,000. Finally, Woodstock Corp raised its stake in shares of NV5 Global by 291.7% in the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider’s stock worth $2,206,000 after buying an additional 87,208 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Up 2.1 %

NASDAQ:NVEE opened at $18.13 on Tuesday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.63 and a beta of 1.23. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.16. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $18.44 and its 200 day moving average price is $21.26.

NV5 Global (NASDAQ:NVEE) last posted its quarterly 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 analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, sell-side analysts forecast 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 approved a share repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the company’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 transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NVEE shares. Robert W. Baird cut their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. 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 report on Friday. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Maxim Group cut 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

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.