NV5 Global, Inc. (NASDAQ:NVEE) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 14.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 33,736 shares of the business services provider’s stock after selling 5,637 shares during the period. Public Employees Retirement System of Ohio owned about 0.21% of NV5 Global worth $3,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its position in shares of NV5 Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 7,428 shares of the business services provider’s stock valued at $728,000 after acquiring an additional 137 shares during the last quarter. Tandem Investment Advisors Inc. lifted its position in shares of 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 valued at $393,000 after acquiring an additional 139 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of NV5 Global by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 11,130 shares of the business services provider’s stock valued at $1,091,000 after acquiring an additional 145 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of NV5 Global by 1.0% during 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 during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of NV5 Global by 4.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,105 shares of the business services provider’s stock valued at $427,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Price Performance

NVEE opened at $100.31 on Friday. The stock has a fifty day moving average of $94.79 and a 200-day moving average of $98.03. The firm has a market capitalization of $1.62 billion, a P/E ratio of 39.65, a PEG ratio of 1.38 and a beta of 1.22. NV5 Global, Inc. has a 12-month low of $88.26 and a 12-month high of $115.01. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $208.42 million. During the same quarter in the previous year, the company earned $0.88 EPS. NV5 Global’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Edward H. Codispoti sold 760 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Edward H. Codispoti sold 760 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Benjamin Heraud sold 1,222 shares of the stock in a transaction on Tuesday, May 28th. The stock was 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 in the company, valued at $1,707,641.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,123 shares of company stock worth $763,857. Corporate insiders own 12.40% of the company’s stock.

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.