Axxcess Wealth Management LLC Buys New Shares in IES Holdings, Inc. (NASDAQ:IESC)

Axxcess Wealth Management LLC bought a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,782 shares of the technology company's stock, valued at approximately $755,000.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC lifted its holdings in IES by 41.0% during 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. Andina Capital Management LLC raised its stake in shares of IES by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock worth $498,000 after purchasing an additional 96 shares during the period. CWM LLC boosted 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 buying an additional 100 shares during the last quarter. Ellsworth Advisors LLC grew its position in IES by 2.7% during the second quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company's stock valued at $809,000 after buying an additional 151 shares during the period. Finally, Cetera Investment Advisers increased its holdings in IES by 2.2% during the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company's stock worth $1,211,000 after buying an additional 190 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

IES Stock Performance

NASDAQ:IESC traded down $13.48 during trading hours on Wednesday, reaching $266.36. The stock had a trading volume of 138,315 shares, compared to its average volume of 132,894. The stock has a market cap of $5.32 billion, a P/E ratio of 32.56 and a beta of 1.37. The stock has a 50 day simple moving average of $205.74 and a 200 day simple moving average of $171.95. IES Holdings, Inc. has a 12-month low of $63.19 and a 12-month high of $297.07.

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

Insider Buying and Selling

In other IES 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 sale, the chief financial officer now directly owns 64,377 shares of the company's stock, valued at $11,377,347.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $176.73, for a total transaction of $883,650.00. Following the sale, the chief financial officer now owns 64,377 shares of the company's stock, valued at $11,377,347.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total value of $7,575,917.69. Following the sale, the chief executive officer now owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,208 shares of company stock valued at $17,850,857. 59.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of IES from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th.

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.