Taylor Frigon Capital Management LLC Purchases 107,618 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Taylor Frigon Capital Management LLC lifted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 362.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 137,299 shares of the business services provider’s stock after buying an additional 107,618 shares during the period. NV5 Global accounts for 1.3% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 27th biggest position. Taylor Frigon Capital Management LLC’s holdings in NV5 Global were worth $2,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 632 shares in the last quarter. Versor Investments LP grew its stake in NV5 Global by 23.7% in the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 806 shares during the last quarter. KBC Group NV grew its stake in NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. MQS Management LLC purchased a new position in NV5 Global in the third quarter valued at about $415,000. Finally, Intech Investment Management LLC purchased a new position in NV5 Global in the third quarter valued at about $488,000. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Price Performance

Shares of NVEE stock opened at $18.28 on Thursday. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.16. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.63 and a beta of 1.23. 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 stock’s 50-day simple moving average is $18.40 and its 200-day simple moving average is $21.20.

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

NV5 Global announced that its board has approved a share buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NVEE shares. Maxim Group cut their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Robert W. Baird cut their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

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.