Marshall Wace LLP Has $962,000 Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Marshall Wace LLP trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 72.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,788 shares of the technology company's stock after selling 12,459 shares during the period. Marshall Wace LLP's holdings in IES were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of IESC. J.Safra Asset Management Corp raised its position in IES by 56.8% in 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 during the last quarter. Smithfield Trust Co acquired a new stake in IES in the 4th quarter valued at $34,000. National Bank of Canada FI acquired a new position in shares of IES during the 4th quarter worth about $54,000. Harbour Investments Inc. bought a new position in shares of IES in the 4th quarter valued at about $71,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of IES in the fourth quarter valued at about $74,000. Institutional investors and hedge funds own 86.60% of the company's stock.

IES Stock Performance

IES stock traded down $2.35 during midday trading on Tuesday, reaching $238.30. 23,694 shares of the company's stock were exchanged, compared to its average volume of 212,800. The stock's 50-day simple moving average is $181.91 and its 200 day simple moving average is $219.24. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 22.18 and a beta of 1.57. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.08.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The firm had revenue of $834.00 million during the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

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.