Algert Global LLC Increases Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Algert Global LLC grew its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,076 shares of the technology company's stock after purchasing an additional 1,758 shares during the period. Algert Global LLC owned about 0.15% of IES worth $5,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in 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. Allspring Global Investments Holdings LLC grew its stake in shares of IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock worth $818,000 after acquiring an additional 3,862 shares in the last quarter. Barclays PLC increased its position 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 acquiring an additional 12,207 shares during the period. Convergence Investment Partners LLC raised its stake in shares of IES by 26.4% in the fourth quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company's stock valued at $1,409,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Navellier & Associates Inc. grew its stake in IES by 70.9% during the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company's stock worth $1,043,000 after purchasing an additional 2,153 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

IES Stock Up 1.0 %

NASDAQ IESC opened at $240.65 on Tuesday. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The firm has a 50 day moving average of $181.91 and a two-hundred day moving average of $219.24. The stock has a market capitalization of $4.81 billion, a PE ratio of 22.41 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million during the quarter.

About IES

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.

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