Convergence Investment Partners LLC Buys 1,463 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Convergence Investment Partners LLC raised its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,010 shares of the technology company's stock after acquiring an additional 1,463 shares during the quarter. Convergence Investment Partners LLC's holdings in IES were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in 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 in the last quarter. Principal Financial Group Inc. increased its position in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock valued at $1,451,000 after acquiring an additional 2,636 shares in the last quarter. Barclays PLC increased its position in IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company's stock valued at $3,029,000 after acquiring an additional 12,207 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of IES during the 3rd quarter worth approximately $631,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of IES during the 3rd quarter worth approximately $10,426,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now owns 10,958,900 shares of the company's stock, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary K. Newman sold 2,500 shares of IES 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 transaction, the vice president now directly owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock valued at $7,341,029 in the last 90 days. 56.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IES from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

IES Trading Down 2.8 %

Shares of NASDAQ:IESC traded down $5.61 during trading on Friday, hitting $193.35. 282,397 shares of the company's stock were exchanged, compared to its average volume of 229,387. IES Holdings, Inc. has a 1-year low of $99.16 and a 1-year high of $320.08. The firm has a 50-day moving average price of $227.25 and a two-hundred day moving average price of $219.48. The firm has a market cap of $3.87 billion, a P/E ratio of 18.00 and a beta of 1.52.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

IES Company 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.