Peterson Wealth Services Has $1.63 Million Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Peterson Wealth Services raised its stake in IES Holdings, Inc. (NASDAQ:IESC) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,110 shares of the technology company’s stock after buying an additional 100 shares during the period. Peterson Wealth Services’ holdings in IES were worth $1,630,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IESC. Cetera Investment Advisers lifted its holdings in shares of IES by 2.2% during the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock worth $1,211,000 after purchasing an additional 190 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of IES by 28.0% during the third quarter. Handelsbanken Fonder AB now owns 3,200 shares of the technology company’s stock worth $639,000 after purchasing an additional 700 shares during the period. CWM LLC lifted its holdings in shares of IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after purchasing an additional 100 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of IES by 6.3% during the third quarter. Ritholtz Wealth Management now owns 3,337 shares of the technology company’s stock worth $666,000 after purchasing an additional 197 shares during the period. Finally, Creative Planning acquired a new position in shares of IES during the third quarter worth $329,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity at IES

In other IES news, COO Matthew J. Simmes sold 7,000 shares of IES 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 completion of the sale, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at approximately $33,831,822.12. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 over the last quarter. Company insiders own 56.76% of the company’s stock.

IES Stock Down 0.4 %

IESC stock opened at $229.65 on Tuesday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 21.38 and a beta of 1.52. IES Holdings, Inc. has a 12-month low of $90.40 and a 12-month high of $320.08. The company’s fifty day simple moving average is $236.35 and its 200 day simple moving average is $216.16.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

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.