American Century Companies Inc. Sells 3,271 Shares of IES Holdings, Inc. (NASDAQ:IESC)

American Century Companies Inc. trimmed its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,733 shares of the technology company's stock after selling 3,271 shares during the quarter. American Century Companies Inc. owned approximately 0.26% of IES worth $10,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. J.Safra Asset Management Corp raised its holdings in IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new stake in shares of IES during the fourth quarter worth $34,000. Harbour Investments Inc. bought a new position in IES during the fourth quarter worth $71,000. Jones Financial Companies Lllp acquired a new position in IES in the fourth quarter valued at $74,000. Finally, KBC Group NV boosted its position in IES by 52.5% during the fourth 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. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

IES Stock Up 2.2 %

IESC stock traded up $3.52 during midday trading on Monday, reaching $164.10. 263,721 shares of the company's stock traded hands, compared to its average volume of 174,982. IES Holdings, Inc. has a 52 week low of $112.73 and a 52 week high of $320.09. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 15.28 and a beta of 1.51. The firm's fifty day moving average price is $192.01 and its 200-day moving average price is $221.73.

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

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.