Franklin Resources Inc. Has $32.67 Million Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Franklin Resources Inc. raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,561 shares of the technology company’s stock after buying an additional 7,135 shares during the quarter. Franklin Resources Inc. owned 0.81% of IES worth $32,668,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in IES by 1,856.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock worth $818,000 after buying an additional 3,862 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 2,636 shares during the period. Barclays PLC grew its holdings in shares of IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after purchasing an additional 12,207 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of IES during the third quarter valued at approximately $631,000. Finally, Convergence Investment Partners LLC raised its stake in shares of IES by 26.4% in the fourth quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company’s stock valued at $1,409,000 after purchasing an additional 1,463 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Stock Down 0.6 %

Shares of IESC opened at $160.58 on Friday. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 14.95 and a beta of 1.51. The company has a 50-day moving average price of $193.02 and a two-hundred day moving average price of $221.47.

IES (NASDAQ:IESC) last announced its quarterly earnings results 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%.

Analyst Ratings Changes

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

IES Company 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.