NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Amundi

Amundi grew its position in NV5 Global, Inc. (NASDAQ:NVEE) by 998.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,178 shares of the business services provider’s stock after purchasing an additional 22,885 shares during the period. Amundi’s holdings in NV5 Global were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NVEE. Blue Trust Inc. boosted its stake in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the last quarter. KBC Group NV boosted its stake in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after buying an additional 3,550 shares during the last quarter. Cetera Trust Company N.A boosted its stake in shares of NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after buying an additional 3,570 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of NV5 Global by 359.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the business services provider’s stock worth $116,000 after buying an additional 4,799 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NVEE shares. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Maxim Group lowered their price target 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.

NV5 Global Price Performance

NVEE stock opened at $18.87 on Friday. The business has a fifty day moving average of $18.13 and a two-hundred day moving average of $20.57. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week high of $26.14.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. As a group, research analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its board has initiated a stock buyback program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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.