Northern Trust Corp Purchases 983 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Northern Trust Corp lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,702 shares of the technology company's stock after acquiring an additional 983 shares during the quarter. Northern Trust Corp owned approximately 0.42% of IES worth $17,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. J.Safra Asset Management Corp boosted its holdings 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 acquiring an additional 50 shares in the last quarter. Summit Investment Advisors Inc. lifted 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 worth $173,000 after buying an additional 53 shares in the last quarter. Moran Wealth Management LLC lifted 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 worth $683,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $111,000 after buying an additional 99 shares in the last quarter. Finally, Peterson Wealth Services lifted 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 worth $1,630,000 after buying an additional 100 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

IES Stock Up 2.9%

NASDAQ:IESC traded up $7.63 during trading hours on Friday, hitting $270.42. 73,424 shares of the stock were exchanged, compared to its average volume of 176,189. The company's 50 day moving average is $197.59 and its two-hundred day moving average is $221.81. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The company has a market capitalization of $5.37 billion, a P/E ratio of 25.18 and a beta of 1.57.

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