IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its position in IES Holdings, Inc. (NASDAQ:IESC) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,020 shares of the technology company’s stock after acquiring an additional 238 shares during the quarter. Axxcess Wealth Management LLC’s holdings in IES were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IESC. FMR LLC raised its holdings in shares of IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares during the period. State Street Corp raised 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 buying an additional 6,492 shares during the period. Geode Capital Management LLC lifted its position in IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after buying an additional 623 shares in the last quarter. Franklin Resources Inc. grew its stake in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after buying 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% in the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock worth $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IES Price Performance

Shares of NASDAQ IESC opened at $187.03 on Friday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 17.41 and a beta of 1.57. IES Holdings, Inc. has a 1-year low of $110.17 and a 1-year high of $320.09. The business has a 50-day moving average of $212.70 and a 200-day moving average of $219.87.

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

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.