IFP Advisors Inc Buys 2,664 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Key Points

• IFP Advisors Inc increased its stake in IES Holdings, Inc. by an impressive 10,656.0%, acquiring additional shares to bring its total to 2,689 shares valued at $444,000.
• Several institutional investors, including Millennium Management LLC and Barclays PLC, significantly boosted their positions in IES, showcasing strong confidence in the company.
• IES reported earnings of $3.30 per share for the last quarter, alongside a net margin of 7.76%, while analysts upgraded the stock rating from "buy" to "strong-buy."

IFP Advisors Inc grew its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 10,656.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,689 shares of the technology company's stock after buying an additional 2,664 shares during the period. IFP Advisors Inc's holdings in IES were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of IES by 38.9% during the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after purchasing an additional 210,925 shares in the last quarter. Invesco Ltd. boosted its position in shares of IES by 27.6% during the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Man Group plc bought a new stake in shares of IES during the 4th quarter valued at about $8,497,000. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 42,033 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of IES by 588.0% during the 4th quarter. LPL Financial LLC now owns 46,426 shares of the technology company's stock valued at $9,330,000 after purchasing an additional 39,678 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total value of $7,489,572.48. Following the transaction, the chief executive officer owned 10,930,040 shares in the company, valued at approximately $3,015,816,636.80. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 39,630 shares of company stock valued at $10,915,095 in the last 90 days. 56.76% of the stock is currently owned by corporate insiders.

IES Stock Up 8.9%

NASDAQ:IESC traded up $29.35 on Friday, hitting $357.66. The stock had a trading volume of 188,533 shares, compared to its average volume of 153,328. The business's fifty day moving average is $284.90 and its 200 day moving average is $234.01. The company has a market cap of $7.10 billion, a PE ratio of 29.93 and a beta of 1.63. IES Holdings, Inc. has a 52 week low of $129.16 and a 52 week high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. The business had revenue of $834.00 million for the quarter. IES had a return on equity of 36.49% and a net margin of 7.76%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

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.