American Century Companies Inc. Boosts Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

American Century Companies Inc. lifted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 57.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,167 shares of the technology company’s stock after buying an additional 20,240 shares during the period. American Century Companies Inc. owned approximately 0.27% of IES worth $7,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quest Partners LLC grew its position in IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of IES in the first quarter worth $48,000. Contravisory Investment Management Inc. bought a new stake in IES during the 2nd quarter valued at $48,000. CWM LLC raised its holdings in IES by 252.7% during the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after buying an additional 417 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in IES by 217.0% during the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock valued at $130,000 after buying an additional 729 shares during the period. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total transaction of $5,982,989.40. Following the transaction, the chief executive officer now owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $160.20, for a total transaction of $5,982,989.40. Following the sale, the chief executive officer now owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. The disclosure for this sale can be found here. Insiders sold a total of 160,966 shares of company stock valued at $26,003,099 over the last three months. Corporate insiders own 59.19% of the company’s stock.

IES Stock Performance

Shares of IESC stock opened at $187.49 on Tuesday. IES Holdings, Inc. has a fifty-two week low of $59.75 and a fifty-two week high of $196.05. The firm has a market cap of $3.80 billion, a P/E ratio of 28.28 and a beta of 1.38. The business’s 50 day moving average price is $162.80 and its 200-day moving average price is $145.43.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The business had revenue of $768.40 million for the quarter.

IES declared that its board has authorized a share buyback plan on Friday, August 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

IES 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.