IES Holdings, Inc. (NASDAQ:IESC) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 15.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,808 shares of the technology company’s stock after purchasing an additional 38,783 shares during the quarter. Royce & Associates LP’s holdings in IES were worth $58,850,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quest Partners LLC raised its holdings in IES by 41.0% in the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares during the period. Andina Capital Management LLC lifted its holdings in shares of IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock worth $498,000 after acquiring an additional 96 shares during the last quarter. CWM LLC lifted its holdings in shares of IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in IES by 2.7% in the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock valued at $809,000 after purchasing an additional 151 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in IES by 2.2% in the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut IES from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

IES Price Performance

NASDAQ IESC opened at $264.90 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 31.20 and a beta of 1.37. IES Holdings, Inc. has a 1-year low of $64.50 and a 1-year high of $297.07. The stock has a 50-day moving average of $210.18 and a two-hundred day moving average of $173.26.

IES announced that its board has authorized a share repurchase program on Friday, August 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director David B. Gendell sold 10,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the completion of the transaction, the director now directly owns 127,976 shares of the company’s stock, valued at approximately $23,964,785.76. The trade was a 7.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 owns 10,934,845 shares in the company, valued at $1,751,762,169. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,208 shares of company stock valued at $16,967,207 in the last ninety days. Company insiders own 59.19% of the company’s stock.

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.