American Century Companies Inc. Purchases 1,639,014 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

American Century Companies Inc. grew its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 322.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,147,358 shares of the business services provider’s stock after buying an additional 1,639,014 shares during the quarter. American Century Companies Inc. owned 3.30% of NV5 Global worth $40,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVEE. Intech Investment Management LLC purchased a new position in NV5 Global during the 3rd quarter valued at $488,000. Charles Schwab Investment Management Inc. boosted its stake in shares of NV5 Global by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,124 shares of the business services provider’s stock valued at $15,062,000 after purchasing an additional 6,188 shares during the period. Quantbot Technologies LP grew its holdings in shares of NV5 Global by 143.4% in the third quarter. Quantbot Technologies LP now owns 5,437 shares of the business services provider’s stock worth $508,000 after purchasing an additional 3,203 shares during the last quarter. BNP Paribas Financial Markets increased its stake in NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after buying an additional 703 shares during the period. Finally, Janus Henderson Group PLC increased its stake in NV5 Global by 42.5% in the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock worth $750,000 after buying an additional 2,396 shares during the period. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVEE has been the topic of a number of research reports. Maxim Group reduced their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Roth Mkm increased their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

NV5 Global Price Performance

Shares of NVEE opened at $19.33 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a 50 day moving average price of $18.20 and a 200-day moving average price of $20.44. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The stock has a market capitalization of $1.26 billion, a PE ratio of 39.25, a PEG ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Equities analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has initiated a stock repurchase plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.