SRS Capital Advisors Inc. Raises Stake in NV5 Global, Inc. (NASDAQ:NVEE)

SRS Capital Advisors Inc. raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 296.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,584 shares of the business services provider’s stock after buying an additional 2,680 shares during the quarter. SRS Capital Advisors Inc.’s holdings in NV5 Global were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after buying an additional 1,864 shares during the last quarter. Versor Investments LP boosted its position in shares of NV5 Global by 23.7% during the 3rd quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock worth $393,000 after acquiring an additional 806 shares in the last quarter. KBC Group NV increased its holdings in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,550 shares during the last quarter. MQS Management LLC acquired a new stake in shares of NV5 Global during the 3rd quarter worth about $415,000. Finally, Intech Investment Management LLC purchased a new stake in NV5 Global during the third quarter worth approximately $488,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is currently owned by insiders.

NV5 Global Stock Performance

Shares of NVEE opened at $17.95 on Friday. The company’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $20.97. The firm has a market cap of $1.17 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. NV5 Global, Inc. has a 12-month low of $16.77 and a 12-month high of $26.14. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. As a group, equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has authorized a stock buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Mkm increased their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. 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 report on Friday, November 8th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Maxim Group dropped their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

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.