Highland Capital Management LLC Makes New $212,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

Highland Capital Management LLC purchased a new stake in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,055 shares of the technology company’s stock, valued at approximately $212,000.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its position in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after buying an additional 65,145 shares during the period. Royce & Associates LP grew its position in IES by 15.1% during the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after acquiring an additional 38,783 shares during the period. State Street Corp increased its position in IES by 3.2% during the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after purchasing an additional 6,492 shares in the last quarter. Geode Capital Management LLC increased its position in shares of IES by 0.3% in the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock worth $41,757,000 after acquiring an additional 623 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after acquiring an additional 68,750 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IES Stock Performance

IESC stock opened at $221.28 on Friday. The stock has a 50-day simple moving average of $244.36 and a 200-day simple moving average of $212.01. The firm has a market cap of $4.43 billion, a P/E ratio of 22.37 and a beta of 1.52. IES Holdings, Inc. has a 1 year low of $81.89 and a 1 year high of $320.08.

Insider Buying and Selling at IES

In other IES news, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock valued at $7,341,029 over the last 90 days. 56.76% of the stock is owned by corporate insiders.

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.