IES Holdings, Inc. $IESC Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its position in IES Holdings, owning approximately 0.27% of the company's stock after acquiring an additional 966 shares in Q1.
• IES Holdings reported a $3.95 earnings per share for the last quarter, surpassing analyst expectations of $3.55, with revenues reaching $890.20 million.
• Investment firm Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating, indicating increased confidence in the company's performance.

American Century Companies Inc. raised its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,699 shares of the technology company's stock after acquiring an additional 966 shares during the period. American Century Companies Inc. owned approximately 0.27% of IES worth $8,866,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IESC. Lord Abbett & CO. LLC bought a new stake in IES during the 1st quarter valued at $16,853,000. Man Group plc bought a new stake in IES during the 4th quarter valued at $8,497,000. GAMMA Investing LLC raised its stake in IES by 17,886.4% during the 1st quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after acquiring an additional 42,033 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in IES during the 4th quarter valued at $7,075,000. Finally, AdvisorShares Investments LLC bought a new stake in IES during the 4th quarter valued at $6,732,000. Institutional investors own 86.60% of the company's stock.

IES Price Performance

Shares of IESC traded down $13.02 during midday trading on Monday, reaching $349.31. The stock had a trading volume of 188,214 shares, compared to its average volume of 130,744. IES Holdings, Inc. has a 52 week low of $140.89 and a 52 week high of $370.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The firm's 50 day moving average price is $326.00 and its 200-day moving average price is $252.88. The company has a market capitalization of $6.93 billion, a P/E ratio of 26.69 and a beta of 1.64.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.55 by $0.40. The company had revenue of $890.20 million for the quarter, compared to the consensus estimate of $833.00 million. IES had a return on equity of 37.23% and a net margin of 8.15%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of IES stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $363.10, for a total value of $13,017,861.20. Following the transaction, the chairman directly owned 10,856,528 shares in the company, valued at $3,942,005,316.80. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 98,656 shares of company stock valued at $32,263,523. Insiders own 56.76% of the company's stock.

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.