Conestoga Capital Advisors LLC Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Conestoga Capital Advisors LLC lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 17.7% during the 1st quarter, HoldingsChannel reports. The firm owned 73,872 shares of the business services provider’s stock after purchasing an additional 11,120 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in NV5 Global were worth $1,424,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Swiss National Bank grew its holdings in NV5 Global by 306.0% in the 4th quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock valued at $2,172,000 after buying an additional 86,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock worth $28,462,000 after purchasing an additional 1,420,417 shares during the last quarter. Amundi increased its position in NV5 Global by 998.0% during the fourth quarter. Amundi now owns 25,178 shares of the business services provider’s stock worth $482,000 after purchasing an additional 22,885 shares during the last quarter. Geode Capital Management LLC raised its stake in NV5 Global by 298.3% during the fourth quarter. Geode Capital Management LLC now owns 1,302,719 shares of the business services provider’s stock worth $24,549,000 after purchasing an additional 975,677 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in NV5 Global by 351.6% in the 4th quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider’s stock valued at $2,071,000 after purchasing an additional 85,582 shares during the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Sidoti upgraded NV5 Global to a “hold” rating in a report on Friday, May 16th. Wall Street Zen lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. 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 research report on Friday, February 21st. CJS Securities cut shares of NV5 Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Finally, Lake Street Capital cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.67.

NV5 Global Price Performance

NVEE stock opened at $23.09 on Tuesday. The business’s fifty day moving average price is $19.65 and its 200 day moving average price is $19.00. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. 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 company has a market capitalization of $1.52 billion, a PE ratio of 46.88, a P/E/G ratio of 2.63 and a beta of 1.14.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. On average, sell-side analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

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.