Matthew J. Simmes Sells 7,000 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Stock Performance

Shares of NASDAQ IESC traded down $3.58 during mid-day trading on Wednesday, reaching $292.22. The company had a trading volume of 107,413 shares, compared to its average volume of 136,678. The business’s 50-day simple moving average is $240.80 and its 200 day simple moving average is $184.69. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 29.91 and a beta of 1.45. IES Holdings, Inc. has a one year low of $70.64 and a one year high of $320.08.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Summit Partners Public Asset Management LLC increased its position in IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after buying an additional 74,438 shares in the last quarter. Franklin Resources Inc. raised its position in shares of IES by 79.3% in the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. Hennessy Advisors Inc. bought a new position in IES in the 2nd quarter worth about $9,558,000. FMR LLC increased its stake in IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. Finally, F M Investments LLC bought a new stake in IES during the third quarter worth about $10,887,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

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.