Matthew Michael Allen Sells 700 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) insider Matthew Michael Allen sold 700 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $457.95, for a total transaction of $320,565.00. Following the completion of the sale, the insider owned 1,098 shares of the company’s stock, valued at $502,829.10. This trade represents a 38.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

IES Trading Down 8.4%

NASDAQ:IESC opened at $409.62 on Thursday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 27.24 and a beta of 1.75. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $482.35. The stock has a fifty day simple moving average of $403.33 and a 200-day simple moving average of $356.70.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. The firm had revenue of $897.80 million during the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%.

Analyst Upgrades and Downgrades

IESC has been the subject of a number of research analyst reports. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES has an average rating of “Buy”.

Hedge Funds Weigh In On IES

Several hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in shares of IES by 982.7% in the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after buying an additional 293,977 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of IES by 4.8% in the second quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after purchasing an additional 12,026 shares during the period. Pertento Partners LLP raised its stake in shares of IES by 12.9% during the third quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock worth $71,087,000 after purchasing an additional 20,390 shares during the last quarter. AltraVue Capital LLC lifted its holdings in shares of IES by 2.1% during the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after purchasing an additional 3,370 shares during the period. Finally, Franklin Resources Inc. grew its position in IES by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 155,115 shares of the technology company’s stock valued at $61,681,000 after buying an additional 5,542 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.