Souders Financial Advisors Lowers Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Souders Financial Advisors trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,151 shares of the technology company’s stock after selling 58 shares during the period. Souders Financial Advisors’ holdings in IES were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IESC. Summit Partners Public Asset Management LLC lifted its position in shares of IES by 165.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of 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 acquiring an additional 68,750 shares in the last quarter. FMR LLC lifted its position in shares of IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after buying an additional 65,145 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of IES in the third quarter worth about $10,426,000. Finally, Royce & Associates LP lifted its position in shares of IES by 15.1% in the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock worth $58,850,000 after buying an additional 38,783 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “buy” rating to a “hold” rating in a research report on Wednesday.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,859 shares of company stock worth $4,572,214 over the last ninety days. Company insiders own 56.76% of the company’s stock.

IES Trading Up 3.1 %

NASDAQ:IESC opened at $172.61 on Thursday. The company has a market capitalization of $3.45 billion, a P/E ratio of 16.07 and a beta of 1.52. IES Holdings, Inc. has a 12 month low of $100.60 and a 12 month high of $320.09. The business’s 50-day moving average is $221.32 and its 200 day moving average is $220.36.

IES (NASDAQ:IESC) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS 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.