Virtu Financial LLC Invests $418,000 in IES Holdings, Inc. (NASDAQ:IESC)

Virtu Financial LLC purchased a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,079 shares of the technology company's stock, valued at approximately $418,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp grew its position 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 worth $28,000 after acquiring an additional 50 shares in the last quarter. Smithfield Trust Co bought a new position in IES during the fourth quarter worth $34,000. Harbour Investments Inc. acquired a new position in IES in the fourth quarter worth $71,000. Jones Financial Companies Lllp bought a new stake in IES during the fourth quarter valued at $74,000. Finally, KBC Group NV raised its holdings in shares of IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock worth $81,000 after purchasing an additional 138 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

IES Stock Down 2.3 %

Shares of NASDAQ:IESC traded down $3.97 during trading on Friday, hitting $166.67. 154,036 shares of the company traded hands, compared to its average volume of 174,221. The business's fifty day moving average is $205.07 and its 200-day moving average is $221.67. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.52 and a beta of 1.57. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data 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%.

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.