Vident Advisory LLC Purchases 1,371 Shares of IES Holdings, Inc. $IESC

Key Points

• Vident Advisory LLC increased its stake in IES Holdings, purchasing an additional 1,371 shares to hold a total of 18,054 shares, reflecting an 8.2% rise in ownership.
• IES Holdings recently reported earnings of $3.95 EPS for the quarter, surpassing expectations and demonstrating strong financial performance with revenue of $890.20 million.
• Wall Street analysts have upgraded IES from a "buy" rating to a "strong-buy" rating, indicating positive sentiment for future growth.

Vident Advisory LLC raised its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,054 shares of the technology company's stock after purchasing an additional 1,371 shares during the quarter. Vident Advisory LLC owned 0.09% of IES worth $2,981,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in shares of IES during the 1st quarter valued at $16,853,000. Northern Trust Corp boosted its holdings in IES by 1.2% in the 4th quarter. Northern Trust Corp now owns 84,702 shares of the technology company's stock worth $17,022,000 after buying an additional 983 shares during the period. American Century Companies Inc. increased its stake in IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company's stock worth $8,866,000 after buying an additional 966 shares in the last quarter. LPL Financial LLC raised its holdings in IES by 6.1% during the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company's stock valued at $8,134,000 after acquiring an additional 2,838 shares during the period. Finally, Man Group plc bought a new stake in IES during the fourth quarter valued at about $8,497,000. 86.60% of the stock is currently owned by institutional investors.

IES Stock Performance

Shares of NASDAQ IESC opened at $349.31 on Monday. The company has a market cap of $6.93 billion, a P/E ratio of 26.69 and a beta of 1.64. 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 quick ratio of 1.65 and a current ratio of 1.85. The firm's fifty day moving average is $324.64 and its two-hundred day moving average is $252.03.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of IES stock in a transaction that occurred 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 sale, the chairman owned 10,856,528 shares of the company's stock, valued at $3,942,005,316.80. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 98,656 shares of company stock worth $32,263,523. Company 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.

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