8,767 Shares in IES Holdings, Inc. (NASDAQ:IESC) Purchased by Fiera Capital Corp

Fiera Capital Corp bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,767 shares of the technology company’s stock, valued at approximately $1,448,000.

Several other institutional investors also recently bought and sold shares of IESC. Vanguard Group Inc. increased its position in shares of IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after buying an additional 210,925 shares in the last quarter. Invesco Ltd. increased its position in shares of IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock worth $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Man Group plc purchased a new stake in shares of IES during the fourth quarter worth approximately $8,497,000. GAMMA Investing LLC increased its position in shares of IES by 17,886.4% during the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company’s stock worth $69,790,000 after purchasing an additional 42,033 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of IES by 588.0% during the fourth quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock worth $9,330,000 after purchasing an additional 39,678 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Up 1.4%

Shares of IESC opened at $345.72 on Thursday. IES Holdings, Inc. has a 52-week low of $129.16 and a 52-week high of $370.88. The stock has a fifty day simple moving average of $290.65 and a two-hundred day simple moving average of $236.49. The company has a market capitalization of $6.86 billion, a PE ratio of 28.93 and a beta of 1.63.

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the transaction, the chief executive officer directly owned 10,930,040 shares in the company, valued at $3,015,816,636.80. This trade represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 39,630 shares of company stock worth $10,915,095. Company insiders own 56.76% of the company’s stock.

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.