New York Life Investment Management LLC Reduces Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

New York Life Investment Management LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,047 shares of the technology company’s stock after selling 203 shares during the period. New York Life Investment Management LLC’s holdings in IES were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in IES by 27.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 39,480 shares of the technology company’s stock worth $2,601,000 after buying an additional 8,496 shares during the period. Allspring Global Investments Holdings LLC grew its stake in IES by 1,078.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock worth $39,000 after acquiring an additional 539 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of IES by 98.3% during the third quarter. Teacher Retirement System of Texas now owns 8,764 shares of the technology company’s stock worth $577,000 after acquiring an additional 4,344 shares during the period. Jump Financial LLC raised its stake in shares of IES by 93.4% during the third quarter. Jump Financial LLC now owns 11,200 shares of the technology company’s stock valued at $738,000 after acquiring an additional 5,409 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of IES in the third quarter valued at approximately $1,599,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, COO Matthew J. Simmes sold 4,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the transaction, the chief operating officer now directly owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Matthew J. Simmes sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the sale, the chief operating officer now owns 87,110 shares of the company’s stock, valued at $8,888,704.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Todd M. Cleveland sold 11,000 shares of IES stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $114.47, for a total value of $1,259,170.00. Following the completion of the transaction, the director now owns 131,581 shares in the company, valued at approximately $15,062,077.07. The disclosure for this sale can be found here. Insiders sold a total of 73,184 shares of company stock worth $7,475,841 over the last 90 days. Company insiders own 59.19% of the company’s stock.

IES Stock Performance

Shares of IESC opened at $174.84 on Thursday. The stock has a market capitalization of $3.54 billion, a PE ratio of 26.37 and a beta of 1.31. The company has a 50 day moving average price of $122.91 and a 200-day moving average price of $94.36. IES Holdings, Inc. has a fifty-two week low of $43.20 and a fifty-two week high of $175.99.

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.