American Century Companies Inc. Has $10.60 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

American Century Companies Inc. cut its stake in IES Holdings, Inc. (NASDAQ:IESC) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 52,733 shares of the technology company’s stock after selling 3,271 shares during the quarter. American Century Companies Inc.’s holdings in IES were worth $10,597,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IESC. Franklin Resources Inc. boosted its position in shares of IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after buying an additional 68,750 shares during the period. Allspring Global Investments Holdings LLC grew its position in IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock valued at $818,000 after purchasing an additional 3,862 shares in the last quarter. Principal Financial Group Inc. increased its stake in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after buying an additional 2,636 shares during the last quarter. Barclays PLC lifted its position in IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after buying an additional 12,207 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of IES during the 3rd quarter worth about $631,000. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

Shares of IESC opened at $179.63 on Thursday. The company has a market cap of $3.59 billion, a PE ratio of 16.73 and a beta of 1.51. The firm has a 50-day moving average of $198.36 and a 200-day moving average of $221.49. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09.

IES (NASDAQ:IESC) last released 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

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.