Two Sigma Advisers LP Decreases Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Two Sigma Advisers LP lowered its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 63.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,700 shares of the technology company's stock after selling 8,000 shares during the period. Two Sigma Advisers LP's holdings in IES were worth $945,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted 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 valued at $28,000 after buying an additional 50 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of IES during the 4th quarter valued at $34,000. National Bank of Canada FI bought a new stake in shares of IES during the 4th quarter valued at $54,000. Harbour Investments Inc. bought a new stake in shares of IES during the 4th quarter valued at $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES during the 4th quarter valued at $74,000. Institutional investors own 86.60% of the company's stock.

IES Stock Up 0.3%

Shares of IESC stock traded up $0.85 during mid-day trading on Thursday, reaching $270.80. 123,801 shares of the company's stock traded hands, compared to its average volume of 175,540. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09. The company has a market cap of $5.38 billion, a P/E ratio of 25.21 and a beta of 1.57. The company's 50-day moving average price is $218.81 and its 200-day moving average price is $221.70.

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 return on equity of 35.81% and a net margin of 7.30%.

Analysts Set New Price Targets

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.