Emerald Advisers LLC Sells 11,935 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Emerald Advisers LLC decreased its position in NV5 Global, Inc. (NASDAQ:NVEE) by 4.2% during the second quarter, HoldingsChannel reports. The firm owned 271,946 shares of the business services provider’s stock after selling 11,935 shares during the quarter. Emerald Advisers LLC’s holdings in NV5 Global were worth $25,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in NV5 Global by 103.8% in the 4th quarter. Victory Capital Management Inc. now owns 12,332 shares of the business services provider’s stock valued at $1,370,000 after buying an additional 6,280 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NV5 Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider’s stock valued at $15,255,000 after purchasing an additional 5,147 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NV5 Global by 2.5% in 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 period. PNC Financial Services Group Inc. lifted its position in shares of NV5 Global by 603.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,059 shares of the business services provider’s stock worth $340,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Renaissance Group LLC boosted its stake in NV5 Global by 4.8% during the 4th quarter. Renaissance Group LLC now owns 14,198 shares of the business services provider’s stock valued at $1,577,000 after purchasing an additional 650 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

NV5 Global Price Performance

Shares of NV5 Global stock opened at $89.07 on Friday. The firm has a fifty day moving average price of $96.22 and a two-hundred day moving average price of $95.68. NV5 Global, Inc. has a fifty-two week low of $88.26 and a fifty-two week high of $115.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.44 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.29 earnings per share. Analysts expect that NV5 Global, Inc. will post 5.12 EPS for the current year.

Insider Activity

In related news, VP Richard Tong sold 3,119 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total value of $293,186.00. Following the completion of the transaction, the vice president now directly owns 16,288 shares of the company’s stock, valued at $1,531,072. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Richard Tong sold 3,119 shares of the 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 completion of the transaction, the vice president now owns 16,288 shares of the company’s stock, valued at $1,531,072. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Edward H. Codispoti sold 760 shares of NV5 Global stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value 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. 12.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $130.00 price target (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th.

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.