Swiss National Bank Increases Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Swiss National Bank lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 306.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 115,300 shares of the business services provider’s stock after acquiring an additional 86,900 shares during the quarter. Swiss National Bank’s holdings in NV5 Global were worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NVEE. Blue Trust Inc. lifted its holdings in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. increased its position in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the period. KBC Group NV lifted its stake in NV5 Global by 527.5% in the fourth 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. Intech Investment Management LLC acquired a new position in shares of NV5 Global in the 3rd quarter valued at $488,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in NV5 Global in the 3rd quarter valued at $492,000. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Price Performance

NV5 Global stock opened at $19.33 on Friday. The firm has a market capitalization of $1.26 billion, a PE ratio of 39.25, a P/E/G ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. The firm’s 50-day simple moving average is $18.20 and its 200 day simple moving average is $20.44. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm 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, equities research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its Board of Directors has initiated a share repurchase program on Monday, January 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NVEE shares. Maxim Group reduced 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. Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

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.