IES (NASDAQ:IESC) Stock Price Up 7.6%

Shares of IES Holdings, Inc. (NASDAQ:IESC) rose 7.6% during trading on Tuesday . The company traded as high as $126.64 and last traded at $126.58. Approximately 78,332 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 99,556 shares. The stock had previously closed at $117.68.

IES Stock Down 0.9 %

The business has a fifty day simple moving average of $114.62 and a 200-day simple moving average of $88.82. The firm has a market cap of $2.58 billion, a P/E ratio of 24.25 and a beta of 1.34.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $634.40 million during the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insiders Place Their Bets

In other IES news, Director Todd M. Cleveland sold 11,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $114.47, for a total value of $1,259,170.00. Following the completion of the transaction, the director now owns 131,581 shares in the company, valued at $15,062,077.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Matthew J. Simmes sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the transaction, the chief operating officer now directly owns 87,110 shares in the company, valued at $8,888,704.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Todd M. Cleveland sold 11,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $114.47, for a total value of $1,259,170.00. Following the transaction, the director now owns 131,581 shares of the company’s stock, valued at $15,062,077.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,294 shares of company stock worth $11,283,205. 59.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IES

Several institutional investors and hedge funds have recently modified their holdings of IESC. Breach Inlet Capital Management LLC bought a new stake in IES in the 4th quarter worth about $10,239,000. FMR LLC increased its holdings in IES by 12.4% in the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock worth $72,893,000 after buying an additional 121,978 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in IES by 302.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 79,388 shares of the technology company’s stock worth $9,657,000 after buying an additional 59,643 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in IES in the 3rd quarter worth about $1,599,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in IES in the 1st quarter worth about $1,692,000. 86.60% of the stock is currently owned by institutional investors.

About IES

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.