Swiss National Bank Decreases Position in NV5 Global, Inc. (NASDAQ:NVEE)

Swiss National Bank cut its position in NV5 Global, Inc. (NASDAQ:NVEE) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,800 shares of the business services provider’s stock after selling 1,100 shares during the period. Swiss National Bank owned approximately 0.18% of NV5 Global worth $2,627,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in NV5 Global in the first quarter worth about $30,000. O Shaughnessy Asset Management LLC purchased a new position in NV5 Global in the first quarter worth about $70,000. Manchester Capital Management LLC purchased a new position in NV5 Global in the first quarter worth about $77,000. SRS Capital Advisors Inc. purchased a new position in NV5 Global in the second quarter worth about $85,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in NV5 Global by 94.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,171 shares of the business services provider’s stock worth $111,000 after buying an additional 568 shares during the last quarter. 60.48% of the stock is owned by institutional investors and hedge funds.

In other NV5 Global news, VP Richard Tong sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $93.21, for a total value of $233,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of $92.82, for a total transaction of $928,200.00. Following the transaction, the chief operating officer now owns 125,319 shares of the company’s stock, valued at approximately $11,632,109.58. The disclosure for this sale can be found here. Insiders have sold 55,000 shares of company stock valued at $5,361,275 over the last 90 days. 17.92% of the stock is currently owned by company insiders.

NVEE opened at $102.13 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $99.34 and a 200-day moving average price of $94.59. NV5 Global, Inc. has a twelve month low of $48.63 and a twelve month high of $109.39. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 1.44 and a beta of 0.96.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Tuesday, August 10th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.35. NV5 Global had a net margin of 4.74% and a return on equity of 11.90%. As a group, analysts expect that NV5 Global, Inc. will post 4.39 earnings per share for the current year.

Several research analysts have recently weighed in on NVEE shares. Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Friday, August 13th. TheStreet raised shares of NV5 Global from a “c+” rating to a “b” rating in a report on Thursday, July 29th.

NV5 Global Company Profile

NV5 Global, Inc engages in the provision of professional and technical consulting and certification solutions for public and private sector. It operates through the Infrastructure (INF), and Building, Technology, and Sciences (BTS) segment. The INF segment covers engineering, civil program management, and construction quality assurance practices.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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