IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by Optimum Investment Advisors

Optimum Investment Advisors grew its stake in IES Holdings, Inc. (NASDAQ:IESC) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,250 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. Optimum Investment Advisors’ holdings in IES were worth $653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp lifted its holdings in 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 in the last quarter. Smithfield Trust Co purchased a new position in shares of IES in the fourth quarter worth about $34,000. Harbour Investments Inc. acquired a new position in IES during the fourth quarter worth about $71,000. Jones Financial Companies Lllp purchased a new stake in IES during the 4th quarter valued at about $74,000. Finally, KBC Group NV raised its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

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

IES Stock Down 1.5 %

Shares of NASDAQ:IESC opened at $184.26 on Friday. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week high of $320.09. The business has a fifty day moving average of $211.90 and a two-hundred day moving average of $220.22. The stock has a market cap of $3.69 billion, a P/E ratio of 17.16 and a beta of 1.57.

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

About IES

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.