Azzad Asset Management Inc. ADV Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Azzad Asset Management Inc. ADV raised its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,501 shares of the business services provider’s stock after purchasing an additional 217 shares during the period. Azzad Asset Management Inc. ADV’s holdings in NV5 Global were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new position in NV5 Global in the 2nd quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NV5 Global by 26.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,698 shares of the business services provider’s stock worth $344,000 after buying an additional 780 shares in the last quarter. Bank of New York Mellon Corp grew its position in NV5 Global by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 106,128 shares of the business services provider’s stock valued at $9,867,000 after buying an additional 5,105 shares during the period. Tributary Capital Management LLC increased its holdings in NV5 Global by 10.8% in the second quarter. Tributary Capital Management LLC now owns 191,566 shares of the business services provider’s stock valued at $17,810,000 after buying an additional 18,625 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in NV5 Global by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the business services provider’s stock valued at $604,000 after buying an additional 200 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Up 0.8 %

NV5 Global stock opened at $96.13 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $1.55 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The business has a 50 day simple moving average of $96.20 and a 200-day simple moving average of $96.37. NV5 Global, Inc. has a 12 month low of $88.26 and a 12 month high of $115.01.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The business had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. During the same period last year, the firm posted $1.29 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling at NV5 Global

In other news, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $91.46, for a total transaction of $69,509.60. Following the transaction, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at approximately $1,548,326.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Richard Tong sold 3,119 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total transaction of $293,186.00. Following the completion of the sale, the vice president now owns 16,288 shares in the company, valued at approximately $1,531,072. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Edward H. Codispoti sold 760 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $91.46, for a total transaction of $69,509.60. Following the sale, the chief financial officer now directly owns 16,929 shares of the company’s stock, valued at $1,548,326.34. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and set a $130.00 target price (up from $128.00) on shares of NV5 Global in a research note on Thursday, August 8th.

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.