Virtu Financial LLC Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Virtu Financial LLC purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,079 shares of the technology company’s stock, valued at approximately $418,000.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC lifted its position in IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares during the period. State Street Corp lifted its holdings in shares of IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock valued at $41,909,000 after buying an additional 6,492 shares during the period. Geode Capital Management LLC boosted its stake in IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after buying an additional 623 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of 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 purchasing an additional 73,271 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Down 4.3 %

Shares of NASDAQ IESC opened at $178.87 on Thursday. The stock’s fifty day simple moving average is $208.56 and its 200 day simple moving average is $220.91. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 16.65 and a beta of 1.57. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week 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%.

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.

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.