IES Holdings, Inc. (NASDAQ:IESC) Stock Holdings Cut by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,821 shares of the technology company's stock after selling 5,975 shares during the quarter. Assenagon Asset Management S.A.'s holdings in IES were worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. City State Bank raised its holdings in shares of IES by 127.6% in the 1st quarter. City State Bank now owns 1,195 shares of the technology company's stock worth $197,000 after purchasing an additional 670 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of IES by 35.6% in the 1st quarter. Annex Advisory Services LLC now owns 13,423 shares of the technology company's stock worth $2,216,000 after acquiring an additional 3,522 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of IES by 162.5% during the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after purchasing an additional 546 shares during the last quarter. Rhumbline Advisers raised its holdings in IES by 3.0% during the 1st quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after buying an additional 366 shares during the period. Finally, GAMMA Investing LLC lifted its stake in IES by 17,886.4% during the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after buying an additional 42,033 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Trading Up 0.3%

Shares of IESC stock opened at $271.44 on Wednesday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 22.71 and a beta of 1.62. IES Holdings, Inc. has a 1-year low of $126.07 and a 1-year high of $320.09. The stock's fifty day simple moving average is $235.19 and its 200-day simple moving average is $220.54.

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

Analysts Set New Price Targets

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

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of IES stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the sale, the chief executive officer now directly owns 10,923,318 shares in the company, valued at $3,003,912,450. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 39,630 shares of company stock valued at $10,915,095. Corporate insiders own 56.76% of the company's stock.

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.

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