OMERS ADMINISTRATION Corp Invests $623,000 in IES Holdings, Inc. (NASDAQ:IESC)

OMERS ADMINISTRATION Corp bought a new stake in IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,100 shares of the technology company’s stock, valued at approximately $623,000.

A number of other large investors have also recently made changes to their positions in IESC. Allspring Global Investments Holdings LLC lifted its stake in IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock valued at $818,000 after buying an additional 3,862 shares during the last quarter. Barclays PLC increased its holdings in shares of IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 12,207 shares during the period. Convergence Investment Partners LLC raised its position in IES by 26.4% in the 4th quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company’s stock valued at $1,409,000 after purchasing an additional 1,463 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in IES during the 4th quarter worth $2,361,000. Finally, Navellier & Associates Inc. boosted its stake in IES by 70.9% during the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 2,153 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Up 2.9%

Shares of IESC stock opened at $270.42 on Monday. The stock’s 50-day moving average price is $197.59 and its 200 day moving average price is $221.87. The stock has a market capitalization of $5.37 billion, a PE ratio of 25.18 and a beta of 1.57. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09.

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

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.