NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,539 shares of the business services provider’s stock after purchasing an additional 139 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in NV5 Global were worth $393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in NV5 Global in the 2nd quarter valued at about $38,000. PNC Financial Services Group Inc. boosted its holdings in NV5 Global by 148.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 353 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 211 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in NV5 Global by 172.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 476 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 301 shares during the last quarter. Quantbot Technologies LP acquired a new position in NV5 Global in the 3rd quarter valued at about $68,000. Finally, Lazard Asset Management LLC acquired a new position in NV5 Global in the 1st quarter valued at about $73,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Trading Down 2.9 %

Shares of NASDAQ:NVEE traded down $2.67 during mid-day trading on Wednesday, reaching $90.87. 101,264 shares of the company were exchanged, compared to its average volume of 72,848. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.19 and a beta of 1.09. The firm’s 50-day simple moving average is $100.82 and its 200 day simple moving average is $102.20. NV5 Global, Inc. has a 1 year low of $89.30 and a 1 year high of $119.56.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.08). NV5 Global had a net margin of 5.18% and a return on equity of 9.94%. The business had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $216.00 million. During the same period in the prior year, the business earned $1.21 EPS. Equities research analysts forecast that NV5 Global, Inc. will post 5.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVEE shares. TheStreet lowered shares of NV5 Global from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.67.

Insider Activity

In related news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction 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 in the company, valued at approximately $254,404.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Donald C. Alford sold 1,000 shares of NV5 Global stock in a transaction 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 in the company, valued at approximately $254,404.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald C. Alford sold 2,459 shares of NV5 Global stock in a transaction on Friday, March 8th. The stock was sold at an average price of $99.53, for a total transaction of $244,744.27. Following the sale, the vice president now owns 3,542 shares in the company, valued at $352,535.26. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

About NV5 Global

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.