Louisiana State Employees Retirement System Purchases New Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Louisiana State Employees Retirement System purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,400 shares of the business services provider’s stock, valued at approximately $711,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC raised its holdings in NV5 Global by 2.0% in the third quarter. AE Wealth Management LLC now owns 7,866 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 152 shares in the last quarter. Taylor Frigon Capital Management LLC raised its holdings in NV5 Global by 0.5% in the third quarter. Taylor Frigon Capital Management LLC now owns 31,255 shares of the business services provider’s stock valued at $3,008,000 after acquiring an additional 165 shares in the last quarter. Renaissance Group LLC raised its holdings in NV5 Global by 1.3% in the third quarter. Renaissance Group LLC now owns 13,548 shares of the business services provider’s stock valued at $1,304,000 after acquiring an additional 176 shares in the last quarter. Tandem Investment Advisors Inc. raised its holdings in NV5 Global by 11.5% in the third quarter. Tandem Investment Advisors Inc. now owns 3,400 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 350 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in NV5 Global by 1.0% in the third quarter. Rhumbline Advisers now owns 37,010 shares of the business services provider’s stock valued at $3,561,000 after acquiring an additional 380 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NV5 Global Stock Up 1.6 %

Shares of NASDAQ:NVEE opened at $93.98 on Friday. The company’s fifty day moving average is $97.96 and its two-hundred day moving average is $101.60. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.06 and a current ratio of 2.06. NV5 Global, Inc. has a 1-year low of $88.56 and a 1-year high of $119.56.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.08). The firm had revenue of $215.50 million for the quarter, compared to the consensus estimate of $216.00 million. NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. During the same quarter in the prior year, the company posted $1.21 EPS. Equities analysts anticipate that NV5 Global, Inc. will post 5.02 EPS for the current year.

Insider Transactions at NV5 Global

In other news, VP Donald C. Alford sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the transaction, the vice president now owns 2,541 shares in the company, valued at $254,404.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Donald C. Alford sold 2,459 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the completion of the transaction, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald C. Alford sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the completion of the transaction, the vice president now owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

About NV5 Global

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.