Victory Capital Management Inc. Has $639,000 Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Victory Capital Management Inc. boosted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 179.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,915 shares of the business services provider’s stock after purchasing an additional 21,758 shares during the quarter. Victory Capital Management Inc.’s holdings in NV5 Global were worth $639,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NVEE. Bank of New York Mellon Corp raised its stake in NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock valued at $28,462,000 after purchasing an additional 1,420,417 shares during the last quarter. Swedbank AB raised its stake in NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the last quarter. Tributary Capital Management LLC raised its stake in NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock valued at $17,817,000 after purchasing an additional 755,467 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in NV5 Global by 325.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider’s stock valued at $12,925,000 after purchasing an additional 524,937 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in NV5 Global by 297.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider’s stock valued at $10,541,000 after purchasing an additional 418,610 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Trading Down 0.9 %

Shares of NV5 Global stock opened at $18.70 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company’s fifty day moving average price is $18.13 and its two-hundred day moving average price is $20.54. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week high of $26.14.

NV5 Global (NASDAQ:NVEE) last posted 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. On average, analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

Analyst Ratings Changes

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