Russell Investments Group Ltd. lessened its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,147 shares of the technology company's stock after selling 3,457 shares during the period. Russell Investments Group Ltd. owned 0.10% of IES worth $3,848,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after purchasing an additional 68,750 shares during the period. Allspring Global Investments Holdings LLC raised its position in IES by 1,856.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock valued at $818,000 after purchasing an additional 3,862 shares in the last quarter. Principal Financial Group Inc. grew its holdings in IES by 56.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock worth $1,451,000 after acquiring an additional 2,636 shares in the last quarter. Barclays PLC grew its stake in shares of IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after purchasing an additional 12,207 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of IES in the 3rd quarter valued at about $631,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.
View Our Latest Analysis on IES
IES Price Performance
NASDAQ:IESC traded down $3.18 during trading hours on Friday, reaching $183.00. 94,120 shares of the company traded hands, compared to its average volume of 177,626. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09. The firm's 50-day moving average is $182.89 and its 200-day moving average is $220.28. The stock has a market cap of $3.66 billion, a P/E ratio of 17.04 and a beta of 1.51.
IES (NASDAQ:IESC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.
IES Profile
(
Free Report)
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.
Further Reading
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