NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Barclays PLC

Barclays PLC grew its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 352.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,906 shares of the business services provider’s stock after purchasing an additional 18,623 shares during the quarter. Barclays PLC’s holdings in NV5 Global were worth $2,235,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in NV5 Global by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock worth $54,195,000 after buying an additional 39,350 shares during the last quarter. American Century Companies Inc. grew its position in shares of NV5 Global by 16.6% during the second quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after acquiring an additional 65,186 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of NV5 Global by 1.3% during the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after acquiring an additional 5,757 shares during the last quarter. Swedbank AB lifted its position in NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Emerald Advisers LLC lifted its position in NV5 Global by 3.2% in the 3rd quarter. Emerald Advisers LLC now owns 280,666 shares of the business services provider’s stock valued at $26,237,000 after purchasing an additional 8,720 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday.

NV5 Global Stock Performance

NVEE stock opened at $18.82 on Thursday. The company has a 50-day simple moving average of $21.93 and a 200 day simple moving average of $22.96. The company has a market capitalization of $1.22 billion, a P/E ratio of 33.46, a PEG ratio of 3.21 and a beta of 1.19. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $28.75.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.40% of the stock is owned by insiders.

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.