F M Investments LLC Sells 33,847 Shares of IES Holdings, Inc. (NASDAQ:IESC)

F M Investments LLC reduced its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 62.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,689 shares of the technology company’s stock after selling 33,847 shares during the period. F M Investments LLC’s holdings in IES were worth $4,158,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of IES in the fourth quarter worth $2,361,000. Invesco Ltd. boosted its holdings in IES by 27.6% in the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock valued at $40,353,000 after purchasing an additional 43,449 shares during the period. Envestnet Asset Management Inc. grew its position in IES by 49.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the technology company’s stock worth $493,000 after purchasing an additional 808 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of IES during the 4th quarter worth about $497,000. Finally, Wells Fargo & Company MN raised its position in shares of IES by 3.3% during the fourth quarter. Wells Fargo & Company MN now owns 13,174 shares of the technology company’s stock valued at $2,647,000 after buying an additional 426 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Trading Down 4.8 %

Shares of NASDAQ:IESC opened at $180.66 on Friday. The business’s 50 day moving average is $187.88 and its 200-day moving average is $220.94. The firm has a market capitalization of $3.61 billion, a PE ratio of 16.82 and a beta of 1.51. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “buy” rating to a “hold” rating in a research 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.