OMERS ADMINISTRATION Corp Takes $623,000 Position in IES Holdings, Inc. (NASDAQ:IESC)

OMERS ADMINISTRATION Corp purchased a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,100 shares of the technology company’s stock, valued at approximately $623,000.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake 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 purchasing an additional 210,925 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of IES by 140.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock valued at $25,221,000 after acquiring an additional 73,271 shares during the period. Invesco Ltd. boosted its stake in shares of IES by 27.6% during the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock worth $40,353,000 after acquiring an additional 43,449 shares in the last quarter. LPL Financial LLC grew its holdings in shares of IES by 588.0% in the 4th quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock worth $9,330,000 after acquiring an additional 39,678 shares during the period. Finally, Geode Capital Management LLC increased its stake in IES by 17.0% in the 4th 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. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Trading Up 2.9%

Shares of NASDAQ IESC opened at $270.42 on Monday. The company’s 50-day moving average price is $197.59 and its 200 day moving average price is $221.87. 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 $5.37 billion, a price-to-earnings ratio of 25.18 and a beta of 1.57.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The business had revenue of $834.00 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.