Illinois Municipal Retirement Fund Decreases Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Illinois Municipal Retirement Fund reduced its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 7.8% in the first quarter, HoldingsChannel reports. The firm owned 27,219 shares of the business services provider’s stock after selling 2,292 shares during the period. Illinois Municipal Retirement Fund’s holdings in NV5 Global were worth $525,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas lifted its stake in shares of NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,050 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider’s stock worth $28,000 after purchasing an additional 1,461 shares during the last quarter. GAMMA Investing LLC raised its stake in NV5 Global by 9,916.7% in the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider’s stock valued at $58,000 after buying an additional 2,975 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after buying an additional 2,680 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in NV5 Global in the fourth quarter valued at about $80,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. CJS Securities cut NV5 Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Lake Street Capital cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. William Blair reiterated a “market perform” rating on shares of NV5 Global in a research note on Thursday, May 15th. Wall Street Zen cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Maxim Group reiterated a “hold” rating on shares of NV5 Global in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.67.

NV5 Global Trading Down 0.3%

Shares of NASDAQ:NVEE opened at $23.16 on Friday. NV5 Global, Inc. has a 52-week low of $14.75 and a 52-week high of $26.14. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 1.47 and a beta of 1.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $21.40 and a 200-day moving average price of $19.21.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.12% and a net margin of 3.19%. The firm had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $229.89 million. Equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.