Principal Financial Group Inc. Sells 6,094 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Principal Financial Group Inc. decreased its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,404 shares of the business services provider’s stock after selling 6,094 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of NV5 Global worth $6,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. raised its holdings in NV5 Global by 4.1% during the 4th quarter. Tandem Investment Advisors Inc. now owns 3,539 shares of the business services provider’s stock worth $393,000 after purchasing an additional 139 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of NV5 Global by 1.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 15,798 shares of the business services provider’s stock valued at $1,548,000 after acquiring an additional 155 shares in the last quarter. QV Investors Inc. increased its stake in shares of NV5 Global by 4.8% in the 1st quarter. QV Investors Inc. now owns 4,540 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 210 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of NV5 Global in the 1st quarter valued at $26,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of NV5 Global in the 4th quarter valued at $36,000. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Down 0.8 %

NASDAQ NVEE traded down $0.72 during mid-day trading on Friday, hitting $91.18. The company’s stock had a trading volume of 9,566 shares, compared to its average volume of 77,255. The company’s 50 day simple moving average is $93.09 and its 200 day simple moving average is $99.36. NV5 Global, Inc. has a twelve month low of $88.26 and a twelve month high of $115.01. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 1.23 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The business had revenue of $213.40 million during the quarter, compared to analyst estimates of $208.42 million. During the same period in the previous year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Analysts anticipate that NV5 Global, Inc. will post 5.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $128.00 price objective (up previously from $121.00) on shares of NV5 Global in a research note on Thursday, May 9th.

Insider Activity at NV5 Global

In related news, Director William D. Pruitt sold 3,000 shares of NV5 Global stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total value of $286,020.00. Following the completion of the sale, the director now owns 12,500 shares of the company’s stock, valued at approximately $1,191,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NV5 Global news, CEO Benjamin Heraud sold 1,222 shares of NV5 Global stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total transaction of $113,071.66. Following the transaction, the chief executive officer now directly owns 18,455 shares of the company’s stock, valued at approximately $1,707,641.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Pruitt sold 3,000 shares of NV5 Global stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $95.34, for a total transaction of $286,020.00. Following the transaction, the director now directly owns 12,500 shares in the company, valued at $1,191,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,123 shares of company stock valued at $763,857. 12.40% of the stock is owned by company insiders.

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.