Royce & Associates LP Cuts Stake in IES Holdings, Inc. (NASDAQ:IESC)

Royce & Associates LP reduced its stake in IES Holdings, Inc. (NASDAQ:IESC) by 39.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 178,404 shares of the technology company’s stock after selling 116,404 shares during the period. Royce & Associates LP’s holdings in IES were worth $35,852,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IESC. J.Safra Asset Management Corp lifted its holdings in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock valued at $683,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in IES by 21.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company’s stock valued at $111,000 after purchasing an additional 99 shares during the last quarter. Peterson Wealth Services lifted its holdings in IES by 1.2% during the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after purchasing an additional 100 shares during the last quarter. Finally, PFG Advisors lifted its holdings in IES by 3.0% during the fourth quarter. PFG Advisors now owns 3,810 shares of the technology company’s stock valued at $766,000 after purchasing an additional 111 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Up 1.5 %

NASDAQ IESC opened at $181.89 on Friday. The company has a market cap of $3.64 billion, a PE ratio of 16.94 and a beta of 1.57. IES Holdings, Inc. has a 52 week low of $101.31 and a 52 week high of $320.09. The firm’s 50-day simple moving average is $216.05 and its two-hundred day simple moving average is $220.02.

IES (NASDAQ:IESC) last announced its quarterly earnings results 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%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 56.76% of the company’s stock.

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.