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

Franklin Resources Inc. lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 162,561 shares of the technology company’s stock after buying an additional 7,135 shares during the period. Franklin Resources Inc.’s holdings in IES were worth $32,668,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in IES by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company’s stock worth $15,319,000 after buying an additional 1,158 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of IES by 23.3% during the third quarter. BNP Paribas Financial Markets now owns 7,159 shares of the technology company’s stock worth $1,429,000 after acquiring an additional 1,351 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of IES by 2.3% during the third quarter. Janus Henderson Group PLC now owns 29,973 shares of the technology company’s stock valued at $5,982,000 after acquiring an additional 687 shares during the period. Stifel Financial Corp bought a new position in IES in the third quarter valued at about $631,000. Finally, State Street Corp increased its position in IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after purchasing an additional 6,492 shares during the period. 86.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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 $160.58 on Friday. The firm’s 50 day moving average price is $193.02 and its two-hundred day moving average price is $221.47. The stock has a market cap of $3.21 billion, a PE ratio of 14.95 and a beta of 1.51. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week high of $320.09.

IES (NASDAQ:IESC) last announced 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%.

IES 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.