Steward Partners Investment Advisory LLC Has $76,000 Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Steward Partners Investment Advisory LLC cut its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 24.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380 shares of the technology company’s stock after selling 120 shares during the period. Steward Partners Investment Advisory LLC’s holdings in IES were worth $76,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IESC. Summit Partners Public Asset Management LLC lifted its stake 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 worth $23,842,000 after buying an additional 74,438 shares during the last quarter. Franklin Resources Inc. grew its holdings in IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after acquiring an additional 68,750 shares during the last quarter. FMR LLC grew its holdings in IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in IES during the 3rd quarter worth about $10,426,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of IES in the 3rd quarter valued at about $3,453,000. 86.60% of the stock is owned by institutional investors.

IES Stock Performance

Shares of IESC stock opened at $186.21 on Tuesday. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.34 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 company’s 50 day moving average price is $214.94 and its two-hundred day moving average price is $220.37.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share 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 research report on Friday.

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.