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

IES Holdings, Inc. (NASDAQ:IESC) shares 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.

Analyst Ratings Changes

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

IES Stock Up 7.6 %

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

Insider Buying and Selling

In other news, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now owns 18,286 shares in the company, valued at approximately $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,359 shares of company stock valued at $7,341,029. Company insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of IES by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock worth $8,281,000 after purchasing an additional 1,027 shares in the last quarter. Principal Financial Group Inc. boosted its stake in 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 in the last quarter. Franklin Resources Inc. increased its holdings in IES by 79.3% in the 3rd 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 acquired a new position in shares of IES in the 3rd quarter valued at $332,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of IES during the 3rd quarter worth about $335,000. Institutional investors own 86.60% 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.