NV5 Global, Inc. (NASDAQ:NVEE) Position Boosted by Swiss National Bank

Swiss National Bank increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE – Get Rating) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,900 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. Swiss National Bank owned about 0.21% of NV5 Global worth $4,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in NV5 Global by 1.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,359 shares of the business services provider’s stock worth $1,106,000 after buying an additional 89 shares in the last quarter. Summit Global Investments boosted its stake in NV5 Global by 0.7% during the 3rd quarter. Summit Global Investments now owns 14,591 shares of the business services provider’s stock valued at $1,807,000 after purchasing an additional 100 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in NV5 Global by 2.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,883 shares of the business services provider’s stock valued at $646,000 after purchasing an additional 116 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in NV5 Global by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 9,594 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 141 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in NV5 Global by 4.2% during the 4th quarter. Arizona State Retirement System now owns 3,729 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 150 shares in the last quarter. 65.33% of the stock is owned by institutional investors.

NV5 Global Price Performance

NASDAQ NVEE opened at $93.36 on Friday. NV5 Global, Inc. has a fifty-two week low of $90.02 and a fifty-two week high of $154.97. The stock’s 50-day moving average is $97.48 and its two-hundred day moving average is $120.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $1.47 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19.

NV5 Global (NASDAQ:NVEE – Get Rating) last posted its earnings results on Thursday, February 23rd. The business services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.37). The company had revenue of $189.82 million for the quarter, compared to the consensus estimate of $205.00 million. NV5 Global had a net margin of 6.05% and a return on equity of 11.28%. On average, analysts anticipate that NV5 Global, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVEE. Maxim Group raised NV5 Global from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Friday, May 5th. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, Robert W. Baird cut their price objective on NV5 Global from $130.00 to $113.00 in a research report on Friday, May 5th.

NV5 Global Profile

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NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.