Man Group plc Invests $8.50 Million in IES Holdings, Inc. (NASDAQ:IESC)

Man Group plc bought a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 42,282 shares of the technology company’s stock, valued at approximately $8,497,000. Man Group plc owned about 0.21% of IES at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock worth $151,389,000 after acquiring an additional 210,925 shares during the period. Geode Capital Management LLC grew its stake in shares of IES by 17.0% during the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company’s stock valued at $49,168,000 after purchasing an additional 35,474 shares during the period. Invesco Ltd. increased its position 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 purchasing an additional 43,449 shares during the last quarter. Franklin Resources Inc. increased its position in shares of IES by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company’s stock valued at $32,668,000 after purchasing an additional 7,135 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake 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 during the period. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

IES Price Performance

Shares of IESC stock opened at $270.42 on Monday. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 25.18 and a beta of 1.57. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09. The firm has a fifty day moving average price of $197.59 and a 200-day moving average price of $221.87.

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

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.