DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Makes New $482,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,399 shares of the technology company's stock, valued at approximately $482,000.

Several other large investors also recently made changes to their positions in the business. J.Safra Asset Management Corp increased its position 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 acquiring an additional 50 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in IES by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after purchasing an additional 53 shares in the last quarter. Moran Wealth Management LLC grew its holdings in IES by 1.8% during the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after purchasing an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in IES by 21.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock valued at $111,000 after purchasing an additional 99 shares in the last quarter. Finally, Peterson Wealth Services grew its holdings in IES by 1.2% during the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock valued at $1,630,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

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

IES Price Performance

IESC traded down $4.72 during trading hours on Thursday, reaching $262.79. 91,362 shares of the stock traded hands, compared to its average volume of 176,627. The firm's fifty day simple moving average is $193.56 and its two-hundred day simple moving average is $221.07. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 24.47 and a beta of 1.57. IES Holdings, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $320.09.

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

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.