NV5 Global Stock Set to Split on Friday, October 11th (NASDAQ:NVEE)

Shares of NV5 Global, Inc. (NASDAQ:NVEE) are set to split on Friday, October 11th. The 4-1 split was announced on Wednesday, September 25th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, October 10th.

NV5 Global Price Performance

Shares of NASDAQ:NVEE opened at $91.52 on Thursday. The company’s fifty day moving average is $94.58 and its 200 day moving average is $94.45. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. NV5 Global has a 52 week low of $87.05 and a 52 week high of $115.01. The stock has a market cap of $1.48 billion, a PE ratio of 36.17, a PEG ratio of 1.25 and a beta of 1.18.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the completion of the transaction, the director now owns 5,150 shares of the company’s stock, valued at approximately $496,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is owned by insiders.

Hedge Funds Weigh In On NV5 Global

Institutional investors have recently bought and sold shares of the stock. YHB Investment Advisors Inc. purchased a new position in shares of NV5 Global in the 1st quarter valued at approximately $26,000. Innealta Capital LLC purchased a new position in NV5 Global during the second quarter valued at $44,000. Cim LLC purchased a new position in NV5 Global during the fourth quarter valued at $206,000. SG Americas Securities LLC bought a new stake in shares of NV5 Global during the 1st quarter valued at $228,000. Finally, Janney Montgomery Scott LLC grew its position in shares of NV5 Global by 11.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,724 shares of the business services provider’s stock worth $267,000 after buying an additional 281 shares during the period. 75.54% of the stock is owned by institutional investors.

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.