NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 322.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,147,358 shares of the business services provider’s stock after purchasing an additional 1,639,014 shares during the quarter. American Century Companies Inc.’s holdings in NV5 Global were worth $40,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NVEE. Blue Trust Inc. raised its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. grew its position in NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after purchasing an additional 2,680 shares during the period. KBC Group NV raised its stake in shares of NV5 Global by 527.5% during the 4th 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 lifted its holdings in shares of NV5 Global by 300.0% in the 4th 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 period. Finally, Cetera Trust Company N.A boosted its stake in shares of NV5 Global by 166.8% in 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 during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. StockNews.com cut NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group cut their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Roth Mkm boosted their target price 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.

NV5 Global Stock Up 1.4 %

NV5 Global stock opened at $19.33 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The business has a 50 day simple moving average of $18.20 and a 200-day simple moving average of $20.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14.

NV5 Global (NASDAQ:NVEE) last announced its earnings results 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). The company had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

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

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.