IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,690 shares of the technology company’s stock after acquiring an additional 190 shares during the quarter. Cetera Investment Advisers’ holdings in IES were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Algert Global LLC grew its stake in IES by 6.3% in the 2nd quarter. Algert Global LLC now owns 33,903 shares of the technology company’s stock worth $4,724,000 after acquiring an additional 2,013 shares during the period. Scientech Research LLC purchased a new stake in shares of IES during the 2nd quarter valued at about $248,000. The Manufacturers Life Insurance Company grew its holdings in IES by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,434 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 322 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of IES by 90.8% during the second quarter. Dark Forest Capital Management LP now owns 7,470 shares of the technology company’s stock worth $1,041,000 after acquiring an additional 3,555 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of IES by 42.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,175 shares of the technology company’s stock valued at $3,090,000 after purchasing an additional 6,568 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IES

In related news, Director Todd M. Cleveland sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total value of $1,535,700.00. Following the completion of the sale, the director now directly owns 104,654 shares in the company, valued at approximately $16,071,714.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $176.73, for a total transaction of $883,650.00. Following the completion of the transaction, the chief financial officer now owns 64,377 shares of the company’s stock, valued at approximately $11,377,347.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd M. Cleveland sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total value of $1,535,700.00. Following the completion of the sale, the director now owns 104,654 shares of the company’s stock, valued at $16,071,714.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock worth $26,003,099 over the last 90 days. 59.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday.

IES Trading Up 2.3 %

Shares of NASDAQ:IESC opened at $225.10 on Thursday. IES Holdings, Inc. has a 52 week low of $59.75 and a 52 week high of $234.81. The firm has a market capitalization of $4.56 billion, a P/E ratio of 33.95 and a beta of 1.38. The firm’s 50 day moving average is $182.44 and its two-hundred day moving average is $156.67.

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

IES announced that its Board of Directors has approved a stock buyback plan on Friday, August 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.