IES (NASDAQ:IESC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

IES Holdings, Inc. (NASDAQ:IESC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $197.54 and traded as high as $225.71. IES shares last traded at $225.67, with a volume of 144,082 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Stock Performance

The company has a 50-day simple moving average of $248.94 and a 200-day simple moving average of $197.97. The stock has a market cap of $4.51 billion, a P/E ratio of 22.82 and a beta of 1.52.

Insider Activity at IES

In other news, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now directly owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock valued at $7,341,029 over the last ninety days. 59.19% of the stock is owned by insiders.

Institutional Trading of IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. JPMorgan Chase & Co. lifted its position in IES by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock valued at $8,281,000 after purchasing an additional 1,027 shares during the period. Principal Financial Group Inc. raised its stake in shares of IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after buying an additional 2,636 shares during the last quarter. Franklin Resources Inc. lifted its holdings in IES by 79.3% in the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after buying an additional 68,750 shares during the period. Tidal Investments LLC bought a new position in IES in the third quarter valued at approximately $332,000. Finally, Arete Wealth Advisors LLC acquired a new stake in IES during the 3rd quarter worth $335,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Company 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.