Benjamin Edwards Inc. Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Benjamin Edwards Inc. acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,181 shares of the technology company's stock, valued at approximately $237,000.

Other hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp boosted its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of IES in the fourth quarter worth about $34,000. National Bank of Canada FI purchased a new position in IES during the fourth quarter worth approximately $54,000. Harbour Investments Inc. purchased a new position in IES during the fourth quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp purchased a new position in IES during the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

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

IES Price Performance

IESC stock traded down $4.72 during mid-day trading on Thursday, reaching $262.79. 91,362 shares of the company's stock were exchanged, compared to its average volume of 176,627. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 24.47 and a beta of 1.57. The stock's 50 day moving average is $193.56 and its 200 day moving average is $221.07. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09.

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

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.