Peterson Wealth Services Cuts Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Peterson Wealth Services cut its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 56.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,555 shares of the technology company's stock after selling 4,555 shares during the period. Peterson Wealth Services' holdings in IES were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of IES in the fourth quarter valued at approximately $2,361,000. HighTower Advisors LLC acquired a new position in shares of IES in the fourth quarter valued at approximately $318,000. Commonwealth Equity Services LLC acquired a new position in shares of IES in the fourth quarter valued at approximately $244,000. Harbour Investments Inc. acquired a new position in shares of IES in the fourth quarter valued at approximately $71,000. Finally, Intech Investment Management LLC boosted its holdings in shares of IES by 39.2% in the fourth quarter. Intech Investment Management LLC now owns 4,242 shares of the technology company's stock valued at $852,000 after buying an additional 1,194 shares during the period. 86.60% of the stock is owned by institutional investors.

IES Stock Down 1.3%

IESC traded down $3.98 during trading hours on Tuesday, hitting $308.81. 162,493 shares of the company's stock were exchanged, compared to its average volume of 178,416. IES Holdings, Inc. has a 1-year low of $129.16 and a 1-year high of $334.48. The stock's 50-day moving average is $278.95 and its two-hundred day moving average is $230.64. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 25.84 and a beta of 1.63.

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

Insider Buying and Selling

In other news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of IES stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total value of $1,576,972.76. Following the completion of the sale, the chief executive officer owned 10,917,554 shares in the company, valued at $2,986,933,598.86. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 39,630 shares of company stock worth $10,915,095. 56.76% of the stock is owned by company insiders.

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.