BlueSky Wealth Advisors LLC Takes $326,000 Position in IES Holdings, Inc. $IESC

Key Points

• BlueSky Wealth Advisors LLC has invested $326,000 in IES Holdings, acquiring 1,100 shares during the second quarter, reflecting a growing interest from institutional investors in the company.
• IES Holdings reported an impressive EPS of $3.95 for the last quarter, exceeding expectations by $0.40, while revenue reached $890.20 million, above the projected $833.00 million.
• Analysts have upgraded IES from a "buy" to a "strong-buy" rating, indicating increased confidence in the company’s performance and future growth potential.

BlueSky Wealth Advisors LLC acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,100 shares of the technology company's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IESC. Annex Advisory Services LLC increased its holdings in shares of IES by 4.1% during the second quarter. Annex Advisory Services LLC now owns 13,976 shares of the technology company's stock worth $4,140,000 after buying an additional 553 shares in the last quarter. Farther Finance Advisors LLC lifted its position in IES by 54,800.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 549 shares of the technology company's stock valued at $163,000 after acquiring an additional 548 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in IES in the 2nd quarter valued at about $259,000. Swedbank AB increased its stake in IES by 68.4% in the 2nd quarter. Swedbank AB now owns 32,000 shares of the technology company's stock valued at $9,479,000 after buying an additional 13,000 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of IES during the 2nd quarter worth approximately $349,000. Institutional investors own 86.60% of the company's stock.

IES Price Performance

Shares of NASDAQ IESC traded up $10.35 during midday trading on Monday, reaching $389.77. The stock had a trading volume of 139,600 shares, compared to its average volume of 141,054. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The stock has a 50-day moving average of $346.48 and a 200-day moving average of $271.82. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $389.95. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 29.78 and a beta of 1.64.

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

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the transaction, the chairman owned 10,801,028 shares of the company's stock, valued at approximately $4,038,720,389.76. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 145,837 shares of company stock worth $53,984,109. Company insiders own 56.76% of the company's stock.

Analysts Set New Price Targets

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

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.