Alliancebernstein L.P. Has $1.13 Million Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Alliancebernstein L.P. raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 302.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,898 shares of the business services provider’s stock after purchasing an additional 45,031 shares during the quarter. Alliancebernstein L.P.’s holdings in NV5 Global were worth $1,128,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted 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 buying an additional 1,864 shares during the last quarter. JPMorgan Chase & Co. raised its position in NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after acquiring an additional 2,483 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 2,680 shares during the period. KBC Group NV increased its stake in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,550 shares during the last quarter. Finally, Cetera Trust Company N.A raised its holdings in shares of NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 3,570 shares during the period. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Trading Up 0.7 %

NVEE stock opened at $15.82 on Friday. NV5 Global, Inc. has a 52 week low of $15.14 and a 52 week high of $26.14. The company has a market capitalization of $1.03 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company’s 50-day simple moving average is $17.76 and its 200 day simple moving average is $19.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its Board of Directors has authorized a share buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

NVEE has been the topic of several research analyst reports. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Roth Mkm upped their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Maxim Group dropped their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

NV5 Global 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.