Raymond James Financial Inc. Makes New Investment in IES Holdings, Inc. (NASDAQ:IESC)

Raymond James Financial Inc. acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,747 shares of the technology company’s stock, valued at approximately $2,361,000.

Several other large investors have also bought and sold shares of IESC. J.Safra Asset Management Corp lifted its stake in shares of IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares during the period. Smithfield Trust Co purchased a new position in IES during the fourth quarter valued at $34,000. Jones Financial Companies Lllp bought a new stake in shares of IES during the 4th quarter valued at $74,000. KBC Group NV grew its position in shares of IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after buying an additional 138 shares during the period. Finally, City State Bank bought a new position in shares of IES in the 4th quarter worth about $106,000. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

IES Stock Down 2.3 %

IESC stock opened at $166.67 on Friday. The business has a 50 day moving average of $205.07 and a 200 day moving average of $221.22. The firm has a market cap of $3.33 billion, a PE ratio of 15.52 and a beta of 1.57. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09.

IES (NASDAQ:IESC) last issued 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.