NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 306.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,300 shares of the business services provider’s stock after purchasing an additional 86,900 shares during the quarter. Swiss National Bank owned about 0.18% of NV5 Global worth $2,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. QV Investors Inc. raised its stake in NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after purchasing an additional 43,790 shares during the period. Nordea Investment Management AB raised its position in shares of NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock valued at $1,853,000 after buying an additional 73,944 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of NV5 Global by 292.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock valued at $945,000 after buying an additional 37,384 shares during the period. JPMorgan Chase & Co. lifted its holdings in NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. increased its stake in NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after acquiring an additional 53,014 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NVEE has been the topic of several recent analyst reports. Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Maxim Group decreased their target price 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, StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

NV5 Global Stock Performance

NASDAQ NVEE opened at $19.33 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $1.26 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.63 and a beta of 1.22. The stock has a 50-day moving average of $18.20 and a two-hundred day moving average of $20.44. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14.

NV5 Global (NASDAQ:NVEE) last released 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. As a group, analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

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.