Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 8,329 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 299.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,113 shares of the business services provider’s stock after buying an additional 8,329 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NV5 Global were worth $209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 2,680 shares in the last quarter. KBC Group NV boosted its position in shares of NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock valued at $106,000 after buying an additional 4,200 shares during the last quarter. Finally, Cetera Trust Company N.A grew its holdings in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after buying an additional 3,570 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Roth Mkm boosted their price target 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. Finally, Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st.

NV5 Global Trading Up 1.4 %

Shares of NV5 Global stock opened at $19.33 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 39.25, a P/E/G ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 1 year low of $16.77 and a 1 year high of $26.14. 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 stock has a fifty day moving average price of $18.20 and a 200-day moving average price of $20.44.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data 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 company had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities research analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its board has approved a stock repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are 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.