Avantax Advisory Services Inc. Has $193,000 Position in NV5 Global, Inc. (NASDAQ:NVEE)

Avantax Advisory Services Inc. lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 156.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,241 shares of the business services provider’s stock after acquiring an additional 6,254 shares during the quarter. Avantax Advisory Services Inc.’s holdings in NV5 Global were worth $193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NVEE. Intech Investment Management LLC purchased a new stake in NV5 Global in the 3rd quarter worth about $488,000. Charles Schwab Investment Management Inc. increased its holdings in shares of NV5 Global by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 161,124 shares of the business services provider’s stock valued at $15,062,000 after purchasing an additional 6,188 shares during the period. Quantbot Technologies LP lifted its position in shares of NV5 Global by 143.4% in the third quarter. Quantbot Technologies LP now owns 5,437 shares of the business services provider’s stock worth $508,000 after purchasing an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after purchasing an additional 703 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of NV5 Global by 42.5% during the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock worth $750,000 after purchasing an additional 2,396 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Analyst Upgrades and Downgrades

NVEE has been the topic of several research reports. 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 research note on Friday, February 21st. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report on Friday, February 21st.

NV5 Global Trading Up 1.4 %

Shares of NASDAQ NVEE opened at $19.33 on Friday. The business has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $20.44. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.63 and a beta of 1.22. 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 posted 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 during 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%. On average, research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has authorized a stock buyback plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.