NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 179.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,915 shares of the business services provider’s stock after buying an additional 21,758 shares during the period. Victory Capital Management Inc. owned about 0.05% of NV5 Global worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NVEE. Swedbank AB lifted its holdings in shares of NV5 Global by 366.4% in the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock valued at $30,752,000 after purchasing an additional 1,282,296 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock valued at $28,462,000 after purchasing an additional 1,420,417 shares in the last quarter. Tributary Capital Management LLC grew its holdings in NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock valued at $17,817,000 after purchasing an additional 755,467 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NV5 Global by 325.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider’s stock worth $12,925,000 after acquiring an additional 524,937 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its holdings in NV5 Global by 297.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider’s stock worth $10,541,000 after acquiring an additional 418,610 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Performance

Shares of NVEE opened at $18.70 on Friday. The company’s 50 day moving average price is $18.13 and its 200 day moving average price is $20.54. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. The company has a market capitalization of $1.22 billion, a PE ratio of 37.97, a PEG ratio of 2.63 and a beta of 1.22. 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) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $246.52 million during 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%. Research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its Board of Directors has authorized a share buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently commented on NVEE. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Maxim Group dropped 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 report on Friday, February 21st. Finally, Roth Mkm boosted their target price 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.

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.