Annex Advisory Services LLC Has $2.22 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

Annex Advisory Services LLC boosted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,423 shares of the technology company's stock after buying an additional 3,522 shares during the quarter. Annex Advisory Services LLC owned approximately 0.07% of IES worth $2,216,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its stake in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in IES during the 4th quarter worth $34,000. National Bank of Canada FI bought a new position in IES during the 4th quarter worth $54,000. Harbour Investments Inc. acquired a new position in IES during the 4th quarter worth about $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES in the 4th quarter valued at about $74,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the transaction, the chief executive officer now directly owns 10,923,318 shares in the company, valued at approximately $3,003,912,450. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 56.76% of the company's stock.

IES Trading Up 3.4%

NASDAQ:IESC traded up $9.18 on Friday, reaching $279.98. 104,308 shares of the stock traded hands, compared to its average volume of 175,513. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The company's 50 day moving average is $221.03 and its 200-day moving average is $221.66. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.07 and a beta of 1.62.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. The company had revenue of $834.00 million during the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

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.