Hennessy Advisors Inc. Has $16.60 Million Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Hennessy Advisors Inc. increased its position in IES Holdings, Inc. (NASDAQ:IESC) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,600 shares of the technology company’s stock after buying an additional 5,300 shares during the period. Hennessy Advisors Inc. owned 0.41% of IES worth $16,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in IES by 1.6% during the second quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after buying an additional 197 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of IES by 106.9% during the second quarter. Victory Capital Management Inc. now owns 10,014 shares of the technology company’s stock worth $1,395,000 after acquiring an additional 5,173 shares in the last quarter. Quest Partners LLC raised its holdings in shares of IES by 41.0% in 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. American Century Companies Inc. lifted its position in IES by 57.9% in the 2nd quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock valued at $7,686,000 after acquiring an additional 20,240 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

IES Price Performance

NASDAQ IESC opened at $255.42 on Friday. The company has a fifty day moving average price of $248.86 and a 200-day moving average price of $203.72. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 25.83 and a beta of 1.52. IES Holdings, Inc. has a 1 year low of $78.53 and a 1 year high of $320.08.

Insiders Place Their Bets

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the transaction, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock valued at $7,341,029. Corporate insiders own 56.76% of the company’s stock.

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.