42,282 Shares in IES Holdings, Inc. (NASDAQ:IESC) Bought by Man Group plc

Man Group plc purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,282 shares of the technology company’s stock, valued at approximately $8,497,000.

Other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp increased its stake in 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 in the last quarter. Smithfield Trust Co purchased a new stake in IES in the 4th quarter worth $34,000. National Bank of Canada FI purchased a new stake in IES in the 4th quarter worth $54,000. Harbour Investments Inc. purchased a new stake in IES in the 4th quarter worth $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES in the 4th quarter worth $74,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

IES Stock Performance

Shares of IESC stock opened at $270.42 on Monday. The stock has a fifty day simple moving average of $197.59 and a two-hundred day simple moving average of $221.87. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09. The firm has a market capitalization of $5.37 billion, a PE ratio of 25.18 and a beta of 1.57.

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

About IES

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.