IES (NASDAQ:IESC) Sees Large Volume Increase - What's Next?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 153,707 shares changed hands during trading, a decline of 13% from the previous session's volume of 177,205 shares.The stock last traded at $235.81 and had previously closed at $238.23.

Analyst Upgrades and Downgrades

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

IES Price Performance

The firm's fifty day moving average is $184.45 and its 200-day moving average is $219.52. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 22.99 and a beta of 1.57.

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

Institutional Trading of IES

A number of large investors have recently added to or reduced their stakes in IESC. J.Safra Asset Management Corp increased its position in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after acquiring an additional 50 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of IES by 6.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after purchasing an additional 53 shares during the period. Moran Wealth Management LLC raised its holdings in shares of IES by 1.8% in the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock worth $683,000 after buying an additional 61 shares in the last quarter. Summit Trail Advisors LLC grew its position in IES by 7.6% in the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock valued at $221,000 after acquiring an additional 95 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of IES by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock worth $1,395,000 after acquiring an additional 95 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

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.