Taylor Frigon Capital Management LLC Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Taylor Frigon Capital Management LLC raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 362.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,299 shares of the business services provider’s stock after acquiring an additional 107,618 shares during the period. NV5 Global makes up approximately 1.3% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 27th biggest holding. Taylor Frigon Capital Management LLC owned approximately 0.21% of NV5 Global worth $2,587,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NVEE. Blue Trust Inc. raised its holdings in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after acquiring an additional 1,864 shares in the last quarter. KBC Group NV raised its holdings in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after acquiring an additional 3,550 shares in the last quarter. Cetera Trust Company N.A raised its holdings in shares of NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after acquiring an additional 3,570 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in shares of NV5 Global by 317.9% during the 4th quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after acquiring an additional 5,157 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of NV5 Global by 260.7% during the 4th quarter. Handelsbanken Fonder AB now owns 10,100 shares of the business services provider’s stock worth $190,000 after acquiring an additional 7,300 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Performance

NVEE stock opened at $18.28 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $18.40 and its two-hundred day simple moving average is $21.20. NV5 Global, Inc. has a twelve month low of $16.77 and a twelve month high of $26.16. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. Analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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

Analysts Set New Price Targets

Several research firms recently weighed in on NVEE. Robert W. Baird decreased their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Maxim Group decreased their price target on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.40% of the company’s stock.

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.