New South Capital Management Inc. Sells 5,897 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

New South Capital Management Inc. cut its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,036 shares of the business services provider’s stock after selling 5,897 shares during the period. New South Capital Management Inc.’s holdings in NV5 Global were worth $11,961,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NVEE. American Century Companies Inc. boosted its holdings 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 worth $32,685,000 after purchasing an additional 157,256 shares in the last quarter. Tributary Capital Management LLC bought a new stake in NV5 Global during the fourth quarter valued at about $13,890,000. Trust Point Inc. bought a new stake in NV5 Global during the fourth quarter valued at about $329,000. Conestoga Capital Advisors LLC boosted its holdings in NV5 Global by 4.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 15,643 shares of the business services provider’s stock valued at $1,738,000 after acquiring an additional 620 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in NV5 Global during the fourth quarter valued at about $711,000. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Stock Performance

Shares of NVEE traded up $0.94 during trading hours on Friday, reaching $96.93. 61,675 shares of the company traded hands, compared to its average volume of 79,027. The stock’s fifty day moving average is $93.04 and its 200 day moving average is $98.52. The stock has a market cap of $1.57 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a 1-year low of $88.26 and a 1-year high of $115.01.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other NV5 Global news, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $91.46, for a total transaction of $69,509.60. Following the sale, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other NV5 Global news, Director William D. Pruitt sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total transaction of $286,020.00. Following the sale, the director now directly owns 12,500 shares of the company’s stock, valued at $1,191,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward H. Codispoti sold 760 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total transaction of $69,509.60. Following the sale, the chief financial officer now directly owns 16,929 shares in the company, valued at $1,548,326.34. The disclosure for this sale can be found here. Insiders sold 8,123 shares of company stock valued at $763,857 over the last quarter. Corporate 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.