35,206 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,206 shares of the technology company's stock, valued at approximately $7,075,000. Cubist Systematic Strategies LLC owned 0.18% of IES at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its holdings in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after purchasing an additional 50 shares during the period. Smithfield Trust Co purchased a new stake in IES during the 4th quarter worth about $34,000. National Bank of Canada FI purchased a new position in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. purchased a new stake in IES during the fourth quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of IES in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

IES Stock Up 5.7%

Shares of NASDAQ IESC traded up $14.12 during mid-day trading on Monday, hitting $259.76. 185,635 shares of the company were exchanged, compared to its average volume of 177,651. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 24.19 and a beta of 1.57. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The stock has a 50 day simple moving average of $187.67 and a 200-day simple moving average of $220.02.

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

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.