Man Group plc Purchases New Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Man Group plc acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,282 shares of the technology company's stock, valued at approximately $8,497,000. Man Group plc owned 0.21% of IES at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after acquiring an additional 210,925 shares during the period. Geode Capital Management LLC raised its stake in shares of IES by 17.0% in the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock valued at $49,168,000 after purchasing an additional 35,474 shares in the last quarter. Invesco Ltd. raised its stake in shares of IES by 27.6% in the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of IES by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock valued at $32,668,000 after purchasing an additional 7,135 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after purchasing an additional 73,271 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Price Performance

Shares of NASDAQ IESC traded up $2.70 during trading hours on Friday, reaching $244.57. The stock had a trading volume of 72,231 shares, compared to its average volume of 175,136. The business's fifty day moving average is $204.21 and its two-hundred day moving average is $222.11. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 22.77 and a beta of 1.57. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09.

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. The business had revenue of $834.00 million during the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.