New York State Common Retirement Fund Has $7.89 Million Holdings in IES Holdings, Inc. (NASDAQ:IESC)

New York State Common Retirement Fund lowered its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 24.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,261 shares of the technology company's stock after selling 12,611 shares during the period. New York State Common Retirement Fund owned 0.20% of IES worth $7,890,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IESC. Gladius Capital Management LP acquired a new position in IES during the 3rd quarter valued at about $44,000. KBC Group NV raised its holdings in shares of 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 buying an additional 138 shares during the last quarter. City State Bank acquired a new position in shares of IES during the fourth quarter worth approximately $106,000. Quest Partners LLC grew its holdings in IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company's stock worth $153,000 after buying an additional 472 shares in the last quarter. Finally, Callahan Advisors LLC acquired a new stake in IES in the 4th quarter valued at approximately $201,000. Institutional investors own 86.60% of the company's stock.

IES Trading Up 2.1 %

NASDAQ IESC traded up $3.71 during trading on Friday, reaching $178.33. The company's stock had a trading volume of 166,846 shares, compared to its average volume of 231,152. The stock has a market capitalization of $3.57 billion, a PE ratio of 16.60 and a beta of 1.52. IES Holdings, Inc. has a 1-year low of $100.60 and a 1-year high of $320.08. The business has a 50-day moving average price of $223.86 and a 200-day moving average price of $220.44.

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

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the transaction, the chief executive officer now directly owns 10,957,184 shares of the company's stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the completion of the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,859 shares of company stock valued at $6,625,454 in the last three months. Company insiders own 56.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IES from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

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.