Geneva Capital Management LLC Buys 707 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Geneva Capital Management LLC lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 444,513 shares of the business services provider’s stock after purchasing an additional 707 shares during the period. Geneva Capital Management LLC’s holdings in NV5 Global were worth $49,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in NV5 Global in the 3rd quarter worth approximately $470,000. Inspire Investing LLC purchased a new position in shares of NV5 Global during the third quarter valued at about $308,000. Emerald Advisers LLC increased its holdings in shares of NV5 Global by 10.5% in the third quarter. Emerald Advisers LLC now owns 299,994 shares of the business services provider’s stock worth $28,868,000 after purchasing an additional 28,439 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of NV5 Global by 8.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 244,686 shares of the business services provider’s stock worth $23,546,000 after buying an additional 19,153 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its stake in NV5 Global by 11.5% during the third quarter. Tandem Investment Advisors Inc. now owns 3,400 shares of the business services provider’s stock valued at $327,000 after buying an additional 350 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Donald C. Alford sold 2,459 shares of the business’s 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 sale, the vice president now owns 3,542 shares in the company, valued at approximately $352,535.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $99.53, for a total value of $244,744.27. Following the transaction, the vice president now owns 3,542 shares of the company’s stock, valued at approximately $352,535.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Donald C. Alford sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $100.12, for a total transaction of $100,120.00. Following the sale, the vice president now directly owns 2,541 shares of the company’s stock, valued at approximately $254,404.92. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TheStreet downgraded shares of NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Roth Mkm reiterated a “buy” rating and issued a $128.00 target price (up previously from $121.00) on shares of NV5 Global in a report on Thursday. Finally, StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

NV5 Global Trading Up 2.3 %

NVEE traded up $2.15 during trading hours on Thursday, reaching $96.13. 105,916 shares of the company’s stock traded hands, compared to its average volume of 73,907. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $95.88 and a 200 day moving average price of $100.90. NV5 Global, Inc. has a 52-week low of $88.56 and a 52-week high of $119.56. The firm has a market capitalization of $1.55 billion, a PE ratio of 33.26, a PEG ratio of 1.19 and a beta of 1.09.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a return on equity of 9.94% and a net margin of 5.18%. The company had revenue of $213.40 million during the quarter, compared to analysts’ expectations of $208.42 million. During the same period in the prior year, the business earned $0.88 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts predict that NV5 Global, Inc. will post 5.02 EPS for the current fiscal year.

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.