11,747 Shares in IES Holdings, Inc. (NASDAQ:IESC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,747 shares of the technology company's stock, valued at approximately $2,361,000. Raymond James Financial Inc. owned about 0.06% of IES at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IESC. J.Safra Asset Management Corp lifted its position in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares during the period. Smithfield Trust Co purchased a new position in shares of IES in the fourth quarter worth about $34,000. National Bank of Canada FI purchased a new stake in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. purchased a new stake in shares of IES in the 4th quarter valued at $71,000. Finally, Jones Financial Companies Lllp bought a new position in shares of IES during the fourth quarter valued at approximately $74,000. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

NASDAQ:IESC traded up $26.57 during midday trading on Friday, reaching $238.23. 319,619 shares of the stock traded hands, compared to its average volume of 178,125. The stock has a market capitalization of $4.77 billion, a PE ratio of 22.18 and a beta of 1.51. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09. The business has a 50-day moving average of $180.81 and a two-hundred day moving average of $219.27.

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

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 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.