New York State Teachers Retirement System Lowers Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

New York State Teachers Retirement System lessened its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 14.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,815 shares of the business services provider’s stock after selling 642 shares during the quarter. New York State Teachers Retirement System’s holdings in NV5 Global were worth $424,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NVEE. Point72 Hong Kong Ltd acquired a new stake in shares of NV5 Global during the second quarter worth about $38,000. PNC Financial Services Group Inc. lifted its position in shares of NV5 Global by 148.6% during the second quarter. PNC Financial Services Group Inc. now owns 353 shares of the business services provider’s stock worth $39,000 after purchasing an additional 211 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of NV5 Global by 172.0% during the first quarter. Tower Research Capital LLC TRC now owns 476 shares of the business services provider’s stock worth $49,000 after purchasing an additional 301 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NV5 Global during the third quarter worth about $68,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of NV5 Global during the first quarter worth about $73,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Down 1.6 %

Shares of NASDAQ:NVEE opened at $89.46 on Friday. The firm’s 50 day moving average price is $100.12 and its 200 day moving average price is $102.04. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. NV5 Global, Inc. has a fifty-two week low of $89.30 and a fifty-two week high of $119.56. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, February 22nd. The business services provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.08). The firm had revenue of $215.50 million during the quarter, compared to analyst estimates of $216.00 million. NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. During the same period last year, the business earned $1.21 EPS. As a group, equities research analysts predict that NV5 Global, Inc. will post 5.02 earnings per share for the current fiscal year.

Insider Activity at NV5 Global

In related news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total value of $100,120.00. Following the sale, the vice president now owns 2,541 shares of the company’s stock, valued at $254,404.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NV5 Global news, VP Donald C. Alford sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now owns 2,541 shares of the company’s stock, valued at $254,404.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Donald C. Alford sold 2,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $99.53, for a total transaction of $244,744.27. Following the sale, the vice president now directly owns 3,542 shares in the company, valued at approximately $352,535.26. The disclosure for this sale can be found here. 12.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. TheStreet cut shares of NV5 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NV5 Global has a consensus rating of “Moderate Buy” and a consensus price target of $119.67.

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.