3,048 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,048 shares of the technology company's stock, valued at approximately $608,000.

Several other large investors also recently added to or reduced their stakes in IESC. Gladius Capital Management LP purchased a new position in shares of IES during the 3rd quarter worth $44,000. Federated Hermes Inc. grew its holdings in IES by 258.7% during the second 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 period. Quest Partners LLC increased its position in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after buying an additional 86 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of IES in the second quarter worth about $48,000. Finally, CWM LLC lifted its position in shares of IES by 252.7% during the 2nd quarter. CWM LLC now owns 582 shares of the technology company's stock valued at $81,000 after buying an additional 417 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Transactions at IES

In other news, VP Mary K. Newman sold 2,500 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were 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 of the company's stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd M. Cleveland sold 10,000 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total transaction of $1,535,700.00. Following the transaction, the director now owns 104,654 shares of the company's stock, valued at approximately $16,071,714.78. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,708 shares of company stock worth $15,810,182 over the last quarter. 59.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

IES Price Performance

Shares of IESC stock traded up $22.91 on Friday, hitting $309.86. 136,752 shares of the stock traded hands, compared to its average volume of 165,273. The firm has a 50 day simple moving average of $236.46 and a two-hundred day simple moving average of $182.72. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 31.33 and a beta of 1.37. IES Holdings, Inc. has a 52 week low of $68.78 and a 52 week high of $318.99.

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.