Stifel Financial Corp Buys New Position in IES Holdings, Inc. (NASDAQ:IESC)

Stifel Financial Corp acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,162 shares of the technology company's stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IESC. Quest Partners LLC increased its position in shares of 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 purchasing an additional 86 shares during the period. Andina Capital Management LLC increased its holdings in IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock valued at $498,000 after buying an additional 96 shares during the period. CWM LLC raised its position in shares of IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after buying an additional 100 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of IES by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company's stock worth $1,211,000 after acquiring an additional 190 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after acquiring an additional 194 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Price Performance

NASDAQ:IESC traded up $7.49 during trading hours on Thursday, hitting $217.99. The company's stock had a trading volume of 194,889 shares, compared to its average volume of 142,519. The company has a market capitalization of $4.35 billion, a P/E ratio of 22.04 and a beta of 1.45. IES Holdings, Inc. has a twelve month low of $76.26 and a twelve month high of $320.08. The stock has a fifty day simple moving average of $249.92 and a 200-day simple moving average of $194.37.

Insider Buying and Selling at IES

In other IES news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the sale, the chief operating officer now owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 over the last quarter. Corporate insiders own 59.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

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.