Texas Permanent School Fund Corp Has $1.05 Million Position in NV5 Global, Inc. (NASDAQ:NVEE)

Texas Permanent School Fund Corp lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,296 shares of the business services provider’s stock after acquiring an additional 166 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of NV5 Global worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NVEE. Charles Schwab Investment Management Inc. lifted its stake in NV5 Global by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider’s stock worth $15,255,000 after purchasing an additional 5,147 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock worth $56,872,000 after buying an additional 12,437 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NV5 Global by 603.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,059 shares of the business services provider’s stock worth $340,000 after buying an additional 2,624 shares during the last quarter. King Luther Capital Management Corp boosted its stake in NV5 Global by 21.8% in the fourth quarter. King Luther Capital Management Corp now owns 27,675 shares of the business services provider’s stock valued at $3,075,000 after buying an additional 4,957 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in NV5 Global by 8.1% in the fourth quarter. Alberta Investment Management Corp now owns 21,390 shares of the business services provider’s stock valued at $2,377,000 after buying an additional 1,596 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and issued a $130.00 target price (up previously from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

NV5 Global Stock Down 2.4 %

Shares of NVEE opened at $90.71 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29. NV5 Global, Inc. has a 52 week low of $87.05 and a 52 week high of $115.01. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.23 and a beta of 1.18. The stock has a fifty day moving average of $95.87 and a 200-day moving average of $94.84.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The firm had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. During the same period last year, the company earned $1.29 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that NV5 Global, Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Tardan Francois sold 1,661 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total value of $159,987.52. Following the completion of the sale, the director now directly owns 5,150 shares in the company, valued at $496,048. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.40% of the company’s stock.

About NV5 Global

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.