S Squared Technology LLC maintained its stake in NV5 Global, Inc. (NASDAQ:NVEE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,498 shares of the business services provider’s stock at the end of the first quarter. NV5 Global makes up about 1.7% of S Squared Technology LLC’s investment portfolio, making the stock its 23rd largest position. S Squared Technology LLC owned 0.48% of NV5 Global worth $1,824,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of NV5 Global by 0.6% in the third quarter. BlackRock Inc. now owns 8,247 shares of the business services provider’s stock worth $266,000 after buying an additional 47 shares in the last quarter. Nationwide Fund Advisors increased its position in NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after buying an additional 232 shares during the period. Parametric Portfolio Associates LLC increased its position in NV5 Global by 1.6% in the first quarter. Parametric Portfolio Associates LLC now owns 14,596 shares of the business services provider’s stock worth $549,000 after buying an additional 232 shares during the period. American International Group Inc. increased its position in NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after buying an additional 301 shares during the period. Finally, Cadence Capital Management LLC increased its position in NV5 Global by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 26,739 shares of the business services provider’s stock worth $893,000 after buying an additional 642 shares during the period. Hedge funds and other institutional investors own 54.72% of the company’s stock.

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

Shares of NV5 Global, Inc. (NASDAQ:NVEE) traded up 1.88% during trading on Friday, reaching $40.60. The company’s stock had a trading volume of 65,605 shares. The company has a market capitalization of $409.33 million, a price-to-earnings ratio of 34.88 and a beta of 1.48. The firm’s 50-day moving average price is $37.95 and its 200-day moving average price is $37.37. NV5 Global, Inc. has a one year low of $24.57 and a one year high of $42.00.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. NV5 Global had a net margin of 4.86% and a return on equity of 11.52%. The firm had revenue of $64.06 million during the quarter, compared to analysts’ expectations of $69.75 million. On average, equities analysts anticipate that NV5 Global, Inc. will post $2.22 earnings per share for the current year.

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A number of research analysts recently weighed in on the company. Zacks Investment Research raised NV5 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Lake Street Capital started coverage on NV5 Global in a research note on Tuesday, March 21st. They issued a “buy” rating and a $47.00 price objective for the company.

In related news, VP Maryjo O’brien sold 2,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $36.52, for a total transaction of $73,040.00. Following the transaction, the vice president now directly owns 68,468 shares in the company, valued at $2,500,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael P. Rama sold 675 shares of the business’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $37.65, for a total transaction of $25,413.75. Following the transaction, the chief financial officer now owns 28,811 shares in the company, valued at $1,084,734.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,150 shares of company stock worth $339,085. 26.00% of the stock is owned by company insiders.

NV5 Global Company Profile

NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.

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