Vident Advisory LLC Decreases Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Vident Advisory LLC decreased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,683 shares of the technology company’s stock after selling 251 shares during the quarter. Vident Advisory LLC owned about 0.08% of IES worth $3,353,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of 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 during the period. KBC Group NV grew its holdings in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after acquiring an additional 138 shares in the last quarter. Highland Capital Management LLC bought a new position in IES during the 4th quarter worth about $212,000. Peterson Wealth Services grew its holdings in IES by 1.2% during the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock worth $1,630,000 after acquiring an additional 100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in IES by 1,856.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock worth $818,000 after acquiring an additional 3,862 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

IES Price Performance

Shares of IES stock opened at $250.74 on Wednesday. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09. The firm’s 50-day moving average is $200.51 and its two-hundred day moving average is $222.22. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 23.35 and a beta of 1.57.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The business had revenue of $834.00 million for the quarter.

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.