New York State Common Retirement Fund Decreases Position in IES Holdings, Inc. (NASDAQ:IESC)

New York State Common Retirement Fund trimmed its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,401 shares of the technology company’s stock after selling 4,860 shares during the quarter. New York State Common Retirement Fund owned 0.17% of IES worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of IES during the fourth quarter valued at about $2,361,000. HighTower Advisors LLC acquired a new position in IES during the 4th quarter valued at approximately $318,000. Commonwealth Equity Services LLC acquired a new position in IES during the 4th quarter valued at approximately $244,000. Harbour Investments Inc. purchased a new position in shares of IES in the fourth quarter worth $71,000. Finally, Intech Investment Management LLC lifted its stake in shares of IES by 39.2% during the fourth quarter. Intech Investment Management LLC now owns 4,242 shares of the technology company’s stock worth $852,000 after buying an additional 1,194 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the completion of the transaction, the chief executive officer directly owned 10,917,554 shares in the company, valued at $2,986,933,598.86. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company’s stock.

IES Price Performance

NASDAQ IESC opened at $327.15 on Monday. The stock’s fifty day moving average price is $278.95 and its 200 day moving average price is $230.64. IES Holdings, Inc. has a 1 year low of $129.16 and a 1 year high of $334.48. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 27.38 and a beta of 1.63.

IES (NASDAQ:IESC) last announced 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 36.49% and a net margin of 7.76%. The firm had revenue of $834.00 million during the quarter.

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.