Voya Investment Management LLC Reduces Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Voya Investment Management LLC reduced its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,483 shares of the technology company’s stock after selling 200 shares during the quarter. Voya Investment Management LLC’s holdings in IES were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IESC. Barclays PLC grew its holdings 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 acquiring an additional 12,207 shares in the last quarter. Tidal Investments LLC acquired a new stake in IES during the third quarter valued at approximately $332,000. Franklin Resources Inc. lifted 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 buying an additional 68,750 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in IES by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock worth $8,281,000 after buying an additional 1,027 shares during the last quarter. Finally, City State Bank bought a new stake in shares of IES in the 4th quarter valued at approximately $106,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ IESC opened at $244.99 on Friday. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The company has a 50-day simple moving average of $187.67 and a 200-day simple moving average of $219.89. The firm has a market capitalization of $4.86 billion, a PE ratio of 22.81 and a beta of 1.57.

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

Analyst Ratings Changes

Separately, StockNews.com cut 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.