EverSource Wealth Advisors LLC Boosts Stake in IES Holdings, Inc. (NASDAQ:IESC)

EverSource Wealth Advisors LLC increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the technology company’s stock after purchasing an additional 99 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in IES were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IESC. FMR LLC lifted its stake in IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after acquiring an additional 65,145 shares during the period. State Street Corp lifted its holdings in IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock valued at $41,909,000 after acquiring an additional 6,492 shares during the period. Geode Capital Management LLC boosted its position in IES by 0.3% in the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock worth $41,757,000 after purchasing an additional 623 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. Finally, Summit Partners Public Asset Management LLC increased its position in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after purchasing an additional 74,438 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

IES Stock Performance

Shares of IES stock opened at $179.37 on Wednesday. The stock has a market cap of $3.59 billion, a P/E ratio of 16.70 and a beta of 1.57. The stock’s fifty day moving average is $214.02 and its 200 day moving average is $220.32. IES Holdings, Inc. has a one year low of $101.35 and a one year high of $320.09.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analysts Forecast Growth

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

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.