IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,587 shares of the technology company's stock after selling 5,572 shares during the period. BNP Paribas Financial Markets' holdings in IES were worth $319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp increased its holdings in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in IES during the 4th quarter worth $34,000. National Bank of Canada FI purchased a new stake in IES during the 4th quarter worth $54,000. Harbour Investments Inc. purchased a new stake in IES during the 4th quarter worth $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES during the 4th quarter worth $74,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Stock Performance

IES stock traded up $0.16 during trading on Friday, reaching $256.96. 204,766 shares of the company's stock were exchanged, compared to its average volume of 175,106. The company's 50-day moving average is $210.90 and its two-hundred day moving average is $221.23. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 23.93 and a beta of 1.57.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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.