Matthew Simmes Sells 10,000 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $406.96, for a total transaction of $4,069,600.00. Following the sale, the chief executive officer directly owned 98,575 shares of the company’s stock, valued at approximately $40,116,082. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

IES Stock Performance

Shares of IESC stock opened at $420.73 on Friday. The firm’s 50 day moving average price is $393.47 and its two-hundred day moving average price is $343.62. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $442.93. The stock has a market cap of $8.35 billion, a PE ratio of 28.01 and a beta of 1.75.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a return on equity of 36.43% and a net margin of 8.99%.The company had revenue of $897.80 million for the quarter.

Institutional Investors Weigh In On IES

A number of hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in shares of IES in the 2nd quarter valued at approximately $25,000. Global Retirement Partners LLC raised its holdings in IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after buying an additional 71 shares during the period. Nisa Investment Advisors LLC lifted its stake in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares during the period. Finally, Spire Wealth Management bought a new stake in shares of IES during the third quarter worth $40,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IESC shares. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a research note on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About IES

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.