NV5 Global, Inc. (NASDAQ:NVEE) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lowered its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 437,045 shares of the business services provider’s stock after selling 7,468 shares during the quarter. Geneva Capital Management LLC owned about 2.71% of NV5 Global worth $42,835,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NVEE. American Century Companies Inc. boosted its position in NV5 Global by 86.2% in the third quarter. American Century Companies Inc. now owns 339,651 shares of the business services provider’s stock valued at $32,685,000 after buying an additional 157,256 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in shares of NV5 Global in the 4th quarter valued at $13,890,000. Vanguard Group Inc. increased its stake in shares of NV5 Global by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 950,477 shares of the business services provider’s stock worth $105,617,000 after acquiring an additional 35,291 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of NV5 Global by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 511,790 shares of the business services provider’s stock worth $56,872,000 after purchasing an additional 12,437 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in NV5 Global during the fourth quarter valued at $711,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Performance

Shares of NASDAQ NVEE traded up $3.77 during midday trading on Thursday, reaching $95.99. 105,072 shares of the stock were exchanged, compared to its average volume of 77,186. 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 firm has a 50-day simple moving average of $92.92 and a two-hundred day simple moving average of $98.75. NV5 Global, Inc. has a twelve month low of $88.26 and a twelve month high of $115.01. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.22 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.66 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 firm had revenue of $213.40 million for the quarter, compared to analyst estimates of $208.42 million. During the same quarter in the prior year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, analysts anticipate that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Edward H. Codispoti sold 760 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total value of $69,509.60. Following the completion of the sale, the chief financial officer now directly owns 16,929 shares in the company, valued at $1,548,326.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Richard Tong sold 3,119 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total value of $293,186.00. Following the transaction, the vice president now directly owns 16,288 shares of the company’s stock, valued at approximately $1,531,072. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Edward H. Codispoti sold 760 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total value of $69,509.60. Following the sale, the chief financial officer now owns 16,929 shares of the company’s stock, valued at $1,548,326.34. 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.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and set a $128.00 price target (up from $121.00) on shares of NV5 Global in a research report on Thursday, May 9th.

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.