IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its stake in IES Holdings, Inc. (NASDAQ:IESC) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,034 shares of the technology company’s stock after selling 68 shares during the period. Avantax Advisory Services Inc.’s holdings in IES were worth $208,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quest Partners LLC increased its position in IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after purchasing an additional 472 shares during the period. Intech Investment Management LLC acquired a new position in IES during the third quarter worth $608,000. Charles Schwab Investment Management Inc. raised its position in IES by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company’s stock worth $15,319,000 after acquiring an additional 1,158 shares in the last quarter. FMR LLC lifted its holdings in IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after acquiring an additional 65,145 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of IES by 23.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,159 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Price Performance

Shares of NASDAQ:IESC opened at $170.64 on Friday. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 15.89 and a beta of 1.57. The business’s 50 day simple moving average is $206.87 and its 200-day simple moving average is $220.56.

IES (NASDAQ:IESC) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analyst Weigh In

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

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.