EverSource Wealth Advisors LLC Acquires 99 Shares of IES Holdings, Inc. (NASDAQ:IESC)

EverSource Wealth Advisors LLC grew its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 21.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 551 shares of the technology company’s stock after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC’s holdings in IES were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IESC. PFG Advisors boosted its stake in IES by 3.0% in the 4th quarter. PFG Advisors now owns 3,810 shares of the technology company’s stock worth $766,000 after purchasing an additional 111 shares during the period. HighTower Advisors LLC bought a new position in shares of IES during the fourth quarter worth $318,000. Moran Wealth Management LLC grew its stake in IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock valued at $683,000 after acquiring an additional 61 shares in the last quarter. Raymond James Financial Inc. bought a new stake in IES in the 4th quarter valued at $2,361,000. Finally, Smithfield Trust Co bought a new position in shares of IES during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

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

IES Stock Performance

IESC stock opened at $179.37 on Wednesday. The firm has a market cap of $3.59 billion, a PE ratio of 16.70 and a beta of 1.57. The firm has a fifty day moving average price of $214.02 and a 200 day moving average price of $220.32. IES Holdings, Inc. has a fifty-two week low of $101.35 and a fifty-two week high of $320.09.

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

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.