XTX Topco Ltd Has $601,000 Holdings in IES Holdings, Inc. (NASDAQ:IESC)

XTX Topco Ltd raised its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 64.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,314 shares of the technology company’s stock after purchasing an additional 1,686 shares during the period. XTX Topco Ltd’s holdings in IES were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IESC. Charles Schwab Investment Management Inc. lifted its position in IES by 12.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock valued at $6,911,000 after purchasing an additional 9,463 shares during the period. BNP Paribas Financial Markets increased its stake in shares of IES by 14.5% in the 4th quarter. BNP Paribas Financial Markets now owns 15,814 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 2,005 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of IES by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock valued at $57,739,000 after acquiring an additional 7,680 shares during the last quarter. Quest Partners LLC bought a new stake in shares of IES in the 4th quarter valued at about $134,000. Finally, Quadrature Capital Ltd increased its stake in shares of IES by 11.4% in the 4th quarter. Quadrature Capital Ltd now owns 16,537 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 1,687 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

IES Price Performance

Shares of IESC stock opened at $187.49 on Tuesday. The stock has a market cap of $3.80 billion, a PE ratio of 28.28 and a beta of 1.38. The stock has a 50-day moving average of $162.80 and a 200-day moving average of $145.43. IES Holdings, Inc. has a one year low of $59.75 and a one year high of $196.05.

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

IES declared that its Board of Directors has authorized a stock repurchase program on Friday, August 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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.