New York State Common Retirement Fund Buys 13,251 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

New York State Common Retirement Fund raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 300.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,668 shares of the business services provider’s stock after purchasing an additional 13,251 shares during the quarter. New York State Common Retirement Fund’s holdings in NV5 Global were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVEE. Kornitzer Capital Management Inc. KS grew its stake in NV5 Global by 0.7% in the third quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider’s stock valued at $13,169,000 after purchasing an additional 1,000 shares in the last quarter. Versor Investments LP grew its position in shares of NV5 Global by 23.7% in the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 806 shares during the last quarter. Geneva Capital Management LLC increased its position in NV5 Global by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after buying an additional 5,757 shares during the period. MQS Management LLC acquired a new stake in NV5 Global in the 3rd quarter worth about $415,000. Finally, Advisors Asset Management Inc. raised its position in shares of NV5 Global by 7.9% in the third quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock valued at $2,496,000 after buying an additional 1,963 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Stock Up 1.2 %

Shares of NASDAQ NVEE opened at $17.59 on Wednesday. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week 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. The company’s 50 day moving average price is $18.31 and its 200-day moving average price is $21.02. The company has a market capitalization of $1.15 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23.

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 company had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Equities analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its board has approved a share repurchase plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other NV5 Global news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the transaction, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NVEE has been the topic of several analyst reports. Robert W. Baird reduced their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Maxim Group reduced their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Roth Mkm upped their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

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.