Royce & Associates LP Has $35.85 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Royce & Associates LP decreased its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 39.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 178,404 shares of the technology company’s stock after selling 116,404 shares during the quarter. Royce & Associates LP owned about 0.89% of IES worth $35,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC grew its position in IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after purchasing an additional 65,145 shares during the period. State Street Corp grew its position in IES by 3.2% in the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company’s stock valued at $41,909,000 after purchasing an additional 6,492 shares during the period. Geode Capital Management LLC grew its position in IES by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after purchasing an additional 623 shares during the period. Franklin Resources Inc. grew its position in IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. Finally, Summit Partners Public Asset Management LLC grew its position in IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after purchasing an additional 74,438 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Price Performance

NASDAQ IESC opened at $181.89 on Friday. IES Holdings, Inc. has a 1 year low of $101.31 and a 1 year high of $320.09. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 16.94 and a beta of 1.57. The company has a fifty day moving average price of $216.05 and a 200-day moving average price of $220.02.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 56.76% of the company’s stock.

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.