Vident Advisory LLC Decreases Stake in IES Holdings, Inc. (NASDAQ:IESC)

Vident Advisory LLC reduced its stake in IES Holdings, Inc. (NASDAQ:IESC) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,683 shares of the technology company’s stock after selling 251 shares during the quarter. Vident Advisory LLC’s holdings in IES were worth $3,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its position in IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after buying an additional 12,207 shares during the last quarter. KBC Group NV raised its position in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after buying an additional 138 shares during the last quarter. Highland Capital Management LLC purchased a new position in IES during the 4th quarter worth approximately $212,000. Peterson Wealth Services raised its position in IES by 1.2% during the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock worth $1,630,000 after buying an additional 100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in IES by 1,856.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock worth $818,000 after buying an additional 3,862 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Price Performance

NASDAQ:IESC opened at $250.74 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 23.35 and a beta of 1.57. The company has a 50 day moving average price of $200.51 and a 200-day moving average price of $222.22. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09.

IES (NASDAQ:IESC) last posted its earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. The firm had revenue of $834.00 million during the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Analyst Ratings Changes

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

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.