BNP Paribas Financial Markets Purchases 50,789 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

BNP Paribas Financial Markets lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 800.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,131 shares of the business services provider’s stock after purchasing an additional 50,789 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of NV5 Global worth $1,076,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVEE. Ameriprise Financial Inc. grew its holdings in NV5 Global by 271.4% during the 4th quarter. Ameriprise Financial Inc. now owns 125,977 shares of the business services provider’s stock worth $2,373,000 after acquiring an additional 92,056 shares during the last quarter. AXA S.A. grew its holdings in NV5 Global by 300.0% during the 4th quarter. AXA S.A. now owns 118,760 shares of the business services provider’s stock worth $2,237,000 after acquiring an additional 89,070 shares during the last quarter. Jane Street Group LLC grew its holdings in NV5 Global by 195.2% during the 4th quarter. Jane Street Group LLC now owns 31,720 shares of the business services provider’s stock worth $598,000 after acquiring an additional 20,976 shares during the last quarter. Connors Investor Services Inc. grew its holdings in NV5 Global by 389.9% during the 4th quarter. Connors Investor Services Inc. now owns 139,222 shares of the business services provider’s stock worth $2,623,000 after acquiring an additional 110,805 shares during the last quarter. Finally, Comerica Bank grew its holdings in NV5 Global by 293.7% during the 4th quarter. Comerica Bank now owns 40,327 shares of the business services provider’s stock worth $760,000 after acquiring an additional 30,084 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Up 1.2%

Shares of NASDAQ NVEE opened at $22.31 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 2.63 and a beta of 1.08. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14. The stock has a 50-day moving average price of $18.16 and a two-hundred day moving average price of $19.07.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVEE. Roth Mkm raised 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. Lake Street Capital lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Maxim Group reduced their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, William Blair reaffirmed a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.67.

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.