Raymond James Financial Inc. Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Raymond James Financial Inc. bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,747 shares of the technology company’s stock, valued at approximately $2,361,000. Raymond James Financial Inc. owned 0.06% of IES at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its position 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 buying an additional 68,750 shares during the period. FMR LLC increased its holdings in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after buying an additional 65,145 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in IES in the third quarter valued at approximately $3,453,000. Barclays PLC raised its stake in IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 12,207 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in IES in the 4th quarter worth approximately $1,477,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

IES Trading Down 2.3 %

IESC opened at $166.67 on Friday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 15.52 and a beta of 1.57. The stock has a 50-day moving average price of $205.07 and a 200-day moving average price of $221.22. IES Holdings, Inc. has a 12-month low of $112.73 and a 12-month high of $320.09.

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

IES Company 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.