IES Holdings, Inc. (NASDAQ:IESC) Stock Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,561 shares of the technology company's stock after purchasing an additional 7,135 shares during the period. Franklin Resources Inc. owned about 0.81% of IES worth $32,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IESC. J.Safra Asset Management Corp increased its holdings in shares of IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in IES by 1.8% in the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock worth $683,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its stake in IES by 21.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock valued at $111,000 after purchasing an additional 99 shares during the last quarter. Peterson Wealth Services raised its holdings in shares of IES by 1.2% during the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after purchasing an additional 100 shares during the period. Finally, PFG Advisors lifted its position in shares of IES by 3.0% in the 4th quarter. PFG Advisors now owns 3,810 shares of the technology company's stock worth $766,000 after buying an additional 111 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Down 5.1 %

IES stock traded down $9.62 during trading hours on Thursday, hitting $180.06. 45,785 shares of the company traded hands, compared to its average volume of 221,109. The firm's 50-day simple moving average is $188.66 and its two-hundred day simple moving average is $220.99. The firm has a market cap of $3.60 billion, a P/E ratio of 16.76 and a beta of 1.51. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.08.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.