Hsbc Holdings PLC Purchases 2,168 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Hsbc Holdings PLC increased its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 78.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,934 shares of the technology company's stock after purchasing an additional 2,168 shares during the quarter. Hsbc Holdings PLC's holdings in IES were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its position in shares of IES by 56.8% in the 4th 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 bought a new stake in IES in the fourth quarter valued at $34,000. National Bank of Canada FI purchased a new position in IES during the 4th quarter valued at $54,000. Harbour Investments Inc. bought a new position in IES in the 4th quarter worth $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of IES in the 4th quarter worth about $74,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

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

IES Stock Up 12.6 %

IESC opened at $238.23 on Friday. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The stock has a market cap of $4.77 billion, a PE ratio of 22.18 and a beta of 1.57. The business has a 50 day moving average of $180.81 and a 200-day moving average of $219.23.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The firm had revenue of $834.00 million for 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.

Want to see what other hedge funds are holding IESC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IES Holdings, Inc. (NASDAQ:IESC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.