State of Wyoming Decreases Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

State of Wyoming trimmed its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 35.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,544 shares of the technology company's stock after selling 17,500 shares during the period. IES makes up approximately 0.8% of State of Wyoming's holdings, making the stock its 10th largest position. State of Wyoming owned approximately 0.16% of IES worth $6,540,000 as of its most recent SEC filing.

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

IES Price Performance

Shares of NASDAQ:IESC traded up $2.90 during trading on Friday, hitting $244.77. The company's stock had a trading volume of 24,894 shares, compared to its average volume of 175,092. The company has a 50-day moving average of $202.91 and a 200-day moving average of $222.41. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 22.79 and a beta of 1.57. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last issued 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 business had revenue of $834.00 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.