FMR LLC lowered its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,440,280 shares of the technology company's stock after selling 35,958 shares during the period. FMR LLC owned 7.20% of IES worth $289,439,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of IES by 1,856.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock worth $818,000 after buying an additional 3,862 shares during the last quarter. Principal Financial Group Inc. lifted its position in IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock valued at $1,451,000 after acquiring an additional 2,636 shares during the last quarter. Barclays PLC boosted its stake in IES by 411.1% in the third 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 in the last quarter. Finally, Stifel Financial Corp purchased a new position in IES in the third quarter worth $631,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
IES Price Performance
NASDAQ:IESC traded down $2.31 during trading hours on Wednesday, hitting $185.78. 29,484 shares of the company were exchanged, compared to its average volume of 176,805. The company's 50 day moving average price is $185.41 and its 200-day moving average price is $220.73. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.30 and a beta of 1.51. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week high of $320.09.
IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Read Our Latest Analysis on IES
IES Profile
(
Free Report)
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.
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