JPMorgan Chase & Co. Lowers Holdings in IES Holdings, Inc. (NASDAQ:IESC)

JPMorgan Chase & Co. decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,759 shares of the technology company’s stock after selling 4,723 shares during the period. JPMorgan Chase & Co. owned 0.18% of IES worth $7,387,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp bought a new position in IES in the 3rd quarter worth approximately $631,000. State Street Corp lifted its holdings in shares of IES by 3.2% in the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after buying an additional 6,492 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of IES during the third quarter worth $267,000. Barclays PLC boosted its position in shares of IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 12,207 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after acquiring an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Trading Down 1.0 %

NASDAQ:IESC opened at $186.18 on Thursday. The business’s 50-day moving average is $184.52 and its 200 day moving average is $220.49. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The company has a market capitalization of $3.72 billion, a P/E ratio of 17.34 and a beta of 1.51.

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research note 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.