Assenagon Asset Management S.A. Has $1.46 Million Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Assenagon Asset Management S.A. lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 40.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,821 shares of the technology company's stock after selling 5,975 shares during the period. Assenagon Asset Management S.A.'s holdings in IES were worth $1,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after buying an additional 210,925 shares during the period. Geode Capital Management LLC boosted its position in IES by 17.0% during the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock worth $49,168,000 after acquiring an additional 35,474 shares during the period. Invesco Ltd. grew its position in IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Franklin Resources Inc. boosted its position in IES by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock valued at $32,668,000 after purchasing an additional 7,135 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of IES by 140.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after buying an additional 73,271 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

IES Price Performance

Shares of NASDAQ IESC traded down $1.81 during mid-day trading on Friday, hitting $273.13. The company had a trading volume of 239,608 shares, compared to its average volume of 175,765. IES Holdings, Inc. has a 12 month low of $129.16 and a 12 month high of $320.09. The firm has a market cap of $5.42 billion, a P/E ratio of 22.86 and a beta of 1.62. The business's 50-day simple moving average is $240.65 and its 200-day simple moving average is $220.11.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. The firm had revenue of $834.00 million during the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%.

Insider Activity

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total value of $7,489,572.48. Following the completion of the transaction, the chief executive officer now owns 10,930,040 shares in the company, valued at $3,015,816,636.80. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

IES 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.