1,338 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,338 shares of the technology company’s stock, valued at approximately $267,000.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after acquiring an additional 194 shares during the period. Quest Partners LLC grew its position in IES by 41.0% in the second 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 period. Sunbelt Securities Inc. purchased a new position in IES in the first quarter worth approximately $48,000. Contravisory Investment Management Inc. purchased a new position in IES in the second quarter worth approximately $48,000. Finally, CWM LLC boosted its position in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after buying an additional 417 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the sale, the chief executive officer now directly owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value of $8,152,242.38. Following the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $160.20, for a total value of $5,982,989.40. Following the completion of the sale, the chief executive officer now owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,966 shares of company stock worth $26,003,099 over the last ninety days. Company insiders own 59.19% of the company’s stock.

IES Stock Up 1.0 %

IESC opened at $213.76 on Wednesday. IES Holdings, Inc. has a 52 week low of $59.75 and a 52 week high of $219.14. The business has a fifty day simple moving average of $174.58 and a 200-day simple moving average of $152.70. The firm has a market cap of $4.33 billion, a P/E ratio of 32.24 and a beta of 1.38.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $2.67 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 announced that its Board of Directors has initiated a stock repurchase plan on Friday, August 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.