Tower Research Capital LLC TRC Has $589,000 Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Tower Research Capital LLC TRC increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 1,893.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,930 shares of the technology company's stock after purchasing an additional 2,783 shares during the quarter. Tower Research Capital LLC TRC's holdings in IES were worth $589,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its stake in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in IES during the fourth quarter worth about $34,000. National Bank of Canada FI acquired a new position in IES during the fourth quarter worth approximately $54,000. Harbour Investments Inc. bought a new stake in IES in the fourth quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of IES in the fourth quarter valued at approximately $74,000. Institutional investors own 86.60% of the company's stock.

IES Stock Up 12.6 %

Shares of IES stock traded up $26.57 on Friday, hitting $238.23. The stock had a trading volume of 319,619 shares, compared to its average volume of 178,146. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 22.18 and a beta of 1.51. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The business's 50 day moving average is $179.63 and its two-hundred day moving average is $219.14.

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 return on equity of 35.81% and a net margin of 7.30%.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.