Connors Investor Services Inc. Has $2.98 Million Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Connors Investor Services Inc. lessened its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 6.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 30,358 shares of the business services provider’s stock after selling 2,069 shares during the quarter. Connors Investor Services Inc. owned approximately 0.19% of NV5 Global worth $2,975,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in shares of NV5 Global in the 1st quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in NV5 Global in the fourth quarter worth approximately $36,000. Cim LLC acquired a new position in NV5 Global in the fourth quarter valued at approximately $206,000. SG Americas Securities LLC bought a new position in shares of NV5 Global during the 1st quarter worth approximately $228,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of NV5 Global during the 4th quarter worth approximately $231,000. Institutional investors own 75.54% of the company’s stock.

Insider Activity

In related news, CEO Benjamin Heraud sold 1,222 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total value of $113,071.66. Following the transaction, the chief executive officer now owns 18,455 shares of the company’s stock, valued at approximately $1,707,641.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Benjamin Heraud sold 1,222 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $92.53, for a total value of $113,071.66. Following the completion of the sale, the chief executive officer now directly owns 18,455 shares of the company’s stock, valued at approximately $1,707,641.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.34, for a total value of $286,020.00. Following the transaction, the director now owns 12,500 shares in the company, valued at $1,191,750. The disclosure for this sale can be found here. Insiders sold 8,123 shares of company stock worth $763,857 over the last three months. 12.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set a $128.00 target price (up previously from $121.00) on shares of NV5 Global in a research report on Thursday, May 9th.

NV5 Global Stock Up 0.9 %

NV5 Global stock traded up $0.91 during midday trading on Friday, reaching $99.52. The stock had a trading volume of 62,562 shares, compared to its average volume of 84,417. The company has a fifty day moving average price of $93.48 and a two-hundred day moving average price of $98.04. NV5 Global, Inc. has a 12 month low of $88.26 and a 12 month high of $115.01. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.61 billion, a P/E ratio of 39.34, a PEG ratio of 1.34 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.19). NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The firm had revenue of $213.40 million for the quarter, compared to the consensus estimate of $208.42 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts expect that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

About NV5 Global

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.