One Day In July LLC Purchases 7,160 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

One Day In July LLC boosted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 193.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,856 shares of the business services provider’s stock after buying an additional 7,160 shares during the quarter. One Day In July LLC’s holdings in NV5 Global were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after purchasing an additional 632 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 703 shares during the last quarter. Versor Investments LP boosted its stake in NV5 Global by 23.7% in the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 806 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in NV5 Global by 0.7% in the third quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider’s stock valued at $13,169,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in NV5 Global by 7.9% in the third quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock valued at $2,496,000 after acquiring an additional 1,963 shares during the last quarter. 75.54% of the stock is owned by institutional investors.

NV5 Global Stock Up 2.3 %

NVEE opened at $17.43 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.57 and a beta of 1.23. 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 company’s 50-day moving average price is $18.57 and its two-hundred day moving average price is $21.41. NV5 Global, Inc. has a twelve month low of $16.77 and a twelve month high of $27.77.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. As a group, equities analysts expect that NV5 Global, Inc. will post 1.19 earnings per share for the current year.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird dropped their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th.

Insider Activity at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is currently owned by corporate insiders.

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.