Hsbc Holdings PLC Purchases 2,168 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Hsbc Holdings PLC increased its position in IES Holdings, Inc. (NASDAQ:IESC) by 78.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,934 shares of the technology company’s stock after acquiring an additional 2,168 shares during the period. Hsbc Holdings PLC’s holdings in IES were worth $995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after purchasing an additional 210,925 shares in the last quarter. Thrivent Financial for Lutherans raised its position in IES by 140.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after buying an additional 73,271 shares during the last quarter. Franklin Resources Inc. lifted its stake in IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after acquiring an additional 68,750 shares during the period. Invesco Ltd. boosted its holdings in shares of IES by 27.6% during the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock valued at $40,353,000 after acquiring an additional 43,449 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of IES by 588.0% in the fourth quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock worth $9,330,000 after acquiring an additional 39,678 shares during the period. 86.60% of the stock is owned by institutional investors.

IES Price Performance

Shares of IESC opened at $238.23 on Friday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 22.18 and a beta of 1.57. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The business has a fifty day moving average of $180.81 and a 200 day moving average of $219.23.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The company had revenue of $834.00 million for the quarter.

Wall Street Analysts Forecast Growth

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

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.